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.
Depreciation of leasehold improvements. A leasehold improvement is created when a lessee pays for enhancements to building space, such as carpeting and interior walls. The depreciation of leasehold improvements only occurs if the amount expended is more than the lessee's capitalization limit.