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Understanding Double Entry Accounting
Cost Segregation is an IRS-approved application by which commercial property owners can accelerate depreciation and reduce the amount of any taxes owed. Cost segregation consists of re-classifying components and improvements of a commercial building f
rom real property to commercial property. This process allows the assets to be depreciated on a 5, 7, or 15-year schedule instead of the traditional 27.5 or 39-year depreciation schedule of real property.
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