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 Re-plumbing a house (installing new lines and abandoning the old ones) with PEX can cost $1,500-$8,000 or more. 2  Re-plumbing costs are typically based on the number of fixtures, with each sink, bathtub, shower, toilet, dishwasher, water heater, etc. counting as one fixture.