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.
Amortization Period. Because the lessee doesnât own the leased property during the life of the lease, the benefits from leasehold improvements are intangible. Amortization is the periodic expensing of intangible assets, whereas depreciation applies to tangible assets you own. Although sometimes referred to as depreciation, you amortize leasehold improvements for the lesser of the improvementâs useful life or the lease term.