Soar to Success February 2017

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is important in order to properly
compute depreciation deductions.
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components of your building
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asset class with shorter recovery
periods. This equates to a larger
depreciation deduction and opens
thedoor forother,moreaggressive
depreciation methods such as
bonus, MACRS or possibly section
179. If you’re new to the concept
of depreciation, be sure to check
out my video on depreciation
methods to learn more.
Cost segregation studies are
performed for both newly
constructed property as well as
the purchase of existing property
and for several reasons beyond
just income tax purposes. They
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as well as for insurance and
property tax purposes.
The results of a cost segregation
study is typically summarized in a
report and, although there really
isn’t a standard report format
that exists, it should be prepared
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If you have a tax or accounting
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more educational resources.
Tina L. Moe, C.P.A., CGMA, formed A.C.T. Services in 2002, and began building
her business. Her practice has grown to a clientele more than 1,200 clients and a
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the business owner herself.
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and the Indiana CPA Society.
Contact her at: and on
Watch Tina’s video series
SOAR TO SUCCESS / F EBRUARY 2017 / Core Business Strategies