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.
Also, depreciate the basis of each according to the depreciation rules that would apply to the underlying property had you placed it in service at the same time you placed the addition or improvement in service. For more information, see Publication 946. The following items increase the basis of property.