The Practice of Cost Segregation Analysis ? Maximizing Tax Bennefits for Building Acquisitions and Construction : John Wiley & Sons : 9780876297445 : 0876297440 : 30 Jan 2006 : This expert guide walks you through the practice of cost segregation analysis, which enables property owners to defer taxes and benefit from ?accelerated cost recovery? through depreciation deductions on assets that are properly identified and classified. A relatively new practice that evolved from various court decisions and Internal Revenue Service rulings, cost segregation can be applied to new buildings under construction, renovations of existing buildings, leasehold improvements, and purchased real estate ?  going back as far as 1987. Cost segregation practice requires knowledge of both tax law and the construction process. In this book, the authors share their expertise in these areas with tax and accounting professionals, cost segregation consultants, facility owners, architects and general contractors