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.
For most of the state of Kentucky, the cost to build a new home with average finishings and trims is around $100-$110/square ft. As soon as you start upgrading with fancier faucets, cabinets, or flooring, you will quickly find yourself in the $120-$140/square ft. range.