Padillo269

30.03.2022

Hey I am Padillo Dsouza from USA sharing information about the cost segregation. A cost segregation study identifies certain personal property and land improvements that are eligible for shorter depreciation lives and bonus depreciation to satisfy tax reporting requirements. The TCJA allows qualifying assets that have a tax recovery period of 20 years or less, new and used, to now qualify for the 100 percent bonus depreciation provision in the assets’ first year of service. While the term “bonus” is often misunderstood to mean an added benefit beyond the asset’s depreciable tax base, it is a boost to accelerate the tax depreciation in the first year the asset is placed in service. Bonus depreciation has existed in prior years for new construction and some acquired assets at 50 percent in 2017. Therefore, tangible personal property either newly acquired, or constructed will qualify for bonus deprecation. To know more about them do visit the website.

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