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.
Determining the square footage of a project will provide a solid baseline, upon which you can start building. The national average for a major plumbing project is about $4.50 per square foot of construction area. There will be variances in this rate, according to project location market fluctuation. Yet the general guideline remains: the more square footage the plumber will be working on, the higher the cost will be.