A cost segregation study is a study conducted on residential and non-residential properties in order to identify assets that have a shorter tax life. An example is carpeting. Carpeting wears down much quicker and is given a 5 year tax life where as a roof is given a 27.5 year tax life on residential properties and a 39 year tax life on non-residential properties.
What is MACRS? Modified Accelerated Cost Recovery System
MACRS – Modified Accelerated Cost Recovery System is a recovery systems that uses 3, 5, 7, & 10 year recovery periods for business equipment, 15