Meridian Uncovered an Additional 18% in Depreciation for New Client of CPA Firm (After Prior Accounting Firm Had Performed Cost Segregation)

22 Auto Dealerships in the Northeast

Meridian was engaged by an auto-dealer who initially indicated they were already performing cost segregation. Per the request of their new CPA, Meridian conducted a comprehensive analysis of 22 dealerships amounting to a total cost basis of roughly $55 million.
Despite all the dealerships already completing a cost segregation study, Meridian identified an additional 18% of accelerated depreciation in addition to what the prior cost segregation provider had previously identified, generating a further $3.5 million of increased cash flow.
Additionally, the component cost detail provided in our cost segregation study shows detailed component costs for both personal and real property – providing the ability to easily retire assets during future remodeling, repairs or demolition. Meridian’s work helped the new CPA show his value to the client.