title = "Cost Segregation Studies"

content = """
Cost segregation allocates building purchase or improvement costs to shorter-
lived property (e.g., 5, 7, 15 years) to accelerate depreciation. Marble
Column CPA considers cost seg when clients purchase or improve real property
and refers to specialists for study preparation when beneficial.

**Concept:** Building components such as electrical, HVAC, flooring, and
specialized fixtures may have shorter recovery periods than the building
(39 years nonresidential, 27.5 residential rental). Segregating cost
increases current depreciation.

**Study:** Engineering-based study allocates costs. Requires specialist.
Eligibility depends on property type and cost. Benefit vs. study cost
analysis. Document referral and any study results in file.

**Audit Risk:** IRS scrutinizes aggressive allocations. Support with
qualified study. Consider Section 481(a) adjustment for change in
accounting method when applying to prior-year property.
"""  # noqa: E501

version = "0.0.1"
