BLOOMFIELD HILLS, Michigan – January 23, 2020 – Construction Association of Michigan (CAM) and Home Builders Association of Southeastern Michigan (HBA) have joined forces to present Michigan’s largest construction industry event, the Great Lakes Design and Construction EXPO 2020 (EXPO). This two-day, statewide event will bring together residential and commercial designers, contractors, designers, suppliers and service providers, offering networking opportunities and educational workshops designed to support the continued success of Michigan’s building industry.
If you own a building or have renovated a building in the last few years, you can likely benefit from a cost segregation study.
Cost segregation studies separate real property into various depreciable categories. Most real property is depreciated over 27.5 years (for residential rental) or 39 years (for nonresidential). By performing a cost segregation study, you can reclassify a portion of that real property into personal property. These newly created asset classes depreciate at a much faster rate—normally 5, 7 or 15 years.