RICHMOND, BC, Sept. 27 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that its U.S. subsidiary Marshall & Swift/Boeckh (MSB) has launched a new
information product aimed at tax advisors and accounting firms serving
commercial property owners. The product, called CostSeg-Pro, provides for
automated segregation of those capital cost components that can be depreciated
faster, which in turn is used to lower the taxable cost base of commercial
CostSeg-Pro offers cost segregation practitioners a web-based access
information solution for preparing standardized cost segregation studies that
meet the guidelines of the U.S. Internal Revenue Service (IRS). The product
uses MSB building data and cost calculation methods, which are quoted in the
IRS Audit Techniques Guide as an acceptable standard for cost segregation
In excess of 200,000 commercial properties purchased after 1986 and
valued at between $1,000,000 and $5,000,000 are eligible candidates for cost
segregation studies, and total federal and income tax savings from applying
cost segregation can add up to 10-20% of the property value over the life of a
Jim Thornton, general manager of MSB, stated: "Over the years MDA's
industry-standard and IRS accepted building cost data has been used
extensively by cost segregation practitioners in conducting their studies.
With the launch of CostSeg-Pro we now offer those cost segregation
practitioners a convenient web-based solution to conduct those studies more
efficiently and produce the results in a pre-approved format, saving them time
MDA provides advanced information solutions that capture and process vast
amounts of data, produce essential information, and improve the decision
making and operational performance of business and government organizations
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of earth and space based information solutions,
ranging from complex operational systems, to tailored information services, to
electronic information products.
MDA employs more than 3,000 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX:MDA.
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd. with
respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and MDA's actual results of
operations could differ materially from historical results or current
expectations. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information:
For further information: Wendy Keyzer, MDA External Relations, (604)