Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?

Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.

In fact, it often appreciates.To go a little deeper:Depreciation was designed for assets that wear out or become obsolete over time, like machinery or vehicles.

Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."

""the us and Taiwan lead in....." no, it would just be Taiwan, the US produces diddly squat in contrast to Taiwan" The USA and Netherlands make the machinery that is required to make the make advanced semiconductors. 

I just think, if this urgent care center happens to own its own x-ray, or even better MRI, and part of that machinery was financed with LL TI allowance and the machine runs with the lease and is LL property, that could be a big reason why the rents are higher, and in suite why the sale price PSF is higher.

YES, that was the whole thing, shovels and wheel barrows, literally, not 1 piece of machinery was used. 

I stand corrected.You cannot use Section 179 for a roof replacement on a real estate property because Section 179 is meant for equipment and certain other types of tangible personal property that businesses use in their operations, like machinery or computers.

Salt air not so great for machinery.  

works were starting, pipes, trucks, machinery etc.