Cost Segregation
Cost segregation involves analyzing commercial property and classifying certain components based on their applicable depreciation schedules. A detailed cost segregation study can provide valuable information for depreciation planning and help property owners identify potential opportunities for accelerated depreciation. If you have built, expanded, renovated, or purchased property, then Hendrickson & Associates LLC’s cost segregation services can help you identify opportunities for accelerated depreciation!
Call us now at (503) 701-6498 for more information on our services.
Cost Segregation Process with Hendrickson & Associates LLC
The best time to start thinking about cost segregation is within the first year of purchase, but don’t worry if you’ve been around for longer and would like to start now. A cost segregation study can still benefit properties acquired in earlier years. For qualifying properties, a cost segregation study may identify opportunities related to depreciation from prior years. We will be able to help you get the most out of our services.
Our Four-Step Cost Segregation Process:
Inspection: We start with a professional inspection of the whole building and property, ensuring that you get the most out of our service. A building engineer or inspector will assess the property and its components to support accurate classification and depreciation analysis.
Valuation: After the inspection, we accurately estimate the value of the property, as well as its various components. Our experience and attention to detail make sure that nothing is forgotten.
Classification: We then organize qualifying property components into the appropriate classifications based on their applicable depreciation schedules.
Cost Segregation Result Schedule: Following this, we provide you with a detailed report outlining the study’s findings and applicable depreciation schedules.
Our Cost Segregation Services
While a structure may last a long time, chances are there are several other things inside a commercial property that will need replacing. Certain property components may qualify for different depreciation treatment based on their classification and useful life. A cost segregation study identifies and documents these components so owners have detailed information about their property’s depreciation. Get in touch with us today and find out what our cost segregation services can do for your business.
Commercial Property Depreciation
There are several types of depreciating assets, property being one of the most common. Since opening our doors, we’ve helped clients with a wide range of commercial property types, including:
- Hotels and motels
- Commercial rental properties
- Banks
- Stores
- Restaurants
- Nursing homes
- Hospitals
Factors That Cause Commercial Property Depreciation
Damage, wear and tear, and outdated components can all lead to significant accelerated depreciation. Some of the most common culprits include:
- Uneven and chipped flooring
- Broken and unhinged cabinets
- Jammed and damaged doors
- Cracked parking lots
- Faulty electrical wiring
- Old ventilation systems
- Leaky and aged plumbing
- Dated design
- Old and malfunctioning technology
Looking for Cost Segregation Help?
Contact Us Now to Start the Process!
If you would like to learn how a cost segregation study could benefit your commercial property, contact Hendrickson & Associates LLC now for a consultation. Call (503) 701-6498.