Cost Segregation on a Car Dealership $3,872,927 in 1st Year Tax Savings
Our client purchased a $7,761,258 Car Dealership and had a cost segregation study performed after purchase. Without a cost segregation study, the Car Dealership would have generated a 1st year depreciation of $199,006 using straight-line depreciation; but our client and his CPA were elated to accelerate $3,872,927 in the first year, roughly 50% in accelerated depreciation. Our client was able to significantly reduce their federal income taxes and increase their bottom line. |