Yes, just when you thought your favorite condiment couldn't get any better, I present to you 9 unusual uses for mustard that go beyond sandwich-making. But first, a little mustard history! Way back when, the Romans were first introduced to mustard seeds by the Egyptians.
Therefore, the basis in the building is $850,000 (85% x $1 million). A cost segregation study identifies the portions of the building that qualify as personal property and land improvements for depreciation purposes (but are still like kind for 1031 purposes).
Leasehold improvements refers to the costs incurred from making improvements to a rental property during the terms of the lease. Like depreciation, there are three main variables involved in determining leasehold improvements: the salvage value, the cost of the improvement and the useful life of the improvement.