1 Exterior paint averages $25-$40 a gallon, and a 3,000-square-foot home takes 15 or more gallons of paint, or $375-$600 just for the paint.
Construction-In-Process (CIP) Assets. A construction-in-process (CIP) asset is an asset you construct over a period of time. Create and maintain your CIP assets as you spend money for raw materials and labor to construct them. Since a CIP asset is not yet in use, it does not depreciate and is only in the corporate book.
Generally, renovations can be depreciated over the same time period as the property to which they're attached, so renovations to rental houses and apartment buildings have a 27.5 year depreciation period, while renovations on commercial properties get depreciated over 39 years.