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Client profile

Telecommunications company that provides wireless services and is an internet provider.

Challenge

Telecommunications technology is always improving and advancing, causing older equipment to become obsolete both functionally and economically. An argument had to be produced showing the need for additional reductions above the normal allowance by the state.

Results

Altus Group presented a case arguing additional valuation reduction on the basis that, due to obsolescence, the standard floor rate for depreciation is not indicative of the true value. This resulted in tax savings of over $1.5M for the client.

Services provided

Our technology-enabled expert services enable commercial real estate professionals to connect to the market with greater speed, visibility and efficiency.

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