Case Studies

While scanning the interior of the warehouse I noticed some loose wires hanging through the high ceiling. I asked the building owner about them and he said that they were attached to a complete set of solar panels on the roof. They had never been hooked up so he assumed that they weren’t depreciable and never mentioned them in our previous discussion. The truth was that they were completely depreciable even though they weren’t operable. Because of them we were able to greatly increase the percentage of 5-year property and add a huge boost to his upfront tax savings.