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Understanding Asset Classification in Property Accounting

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Cost segregation is an accounting and tax analysis method used to identify and separate components of a building into different asset classes. Instead of depreciating an entire property over one long period, cost segregation allows certain parts, such as electrical systems, flooring, or plumbing, to be assigned shorter depreciation lives. This approach is based on engineering studies ... https://www.sigmavaluation.com/cost-segregation-studies/

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