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.
It is very hard to give plumbing costs estimates without all the facts that are to be considered. But if you are doing new installation and needed a figure to work from, the national average is about $4.50 plumbing cost per square foot of the size of your house. If you have the necessary skills to do this work you may save about half of these costs.