Whether the art is depreciable primarily depends on the taxpayerâs answer to the following question: âIs any of the artwork considered âvaluable and treasuredâ?â In order to understand why it boils down to this one question, it is helpful to review some history on this issue: The Background Behind Artwork Depreciation
1 By selling your old metal piping for scrap youâll be able to recoup some, if not most, of the cost of new plumbing. 2  Replacing the existing plumbing with copper pipes in an average-sized, 2-batroom home costs $7,500 to $15,000.
1 The price of copper has increased dramatically in recent years, and re-plumbing a house with copper can cost $2,500-$15,000 or more. 2  For example, Pete Rodriguez of Atlantic Re-Plumbing says a 2-1/2-bathroom house that costs $3,700 to re-plumb with CPVC would start at $4,500 in copper, and could cost more. At Repipe1, Danny Zilberberg says a 2-bathroom house that costs $3,499 in PEX would be more than $5,000 with copper. 2  And Tony Prados of MasterServ says a 2-1/2-bathroom slab foundation house that is $4,000-$5,000 in PEX would be $5,000-$6,000 with copper pipes.