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 Average pipe prices at home improvement centers are $0.40-$0.50 a linear foot for PEX, $0.50-$0.60 for CPVC (rigid plastic pipe) and $1.50-$2.00 for thin-walled rigid copper, according to Buildipedia.com. Re-piping a house usually requires a permit from the local planning or building department; fees vary, but typically cost $70-$400. 2  This fee may be included in a re-plumbing contractor's bid or be an additional charge.