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.
Landscaping is said not to have a useful life of its own, so itâs not depreciated as a land improvement. How do you deduct landscaping? Landscaping that is immediately adjacent to your home and would be destroyed if the home were moved or replaced. You must depreciate such expenses as part of your home over 39 years. If you installed it in the first year you began your business, add its cost to the purchase price of your home. If you installed it after you began your business, depreciate it separately as a home improvement over 39 years. Landscaping that is installed away from your home and would not be harmed if the home were moved or replaced. You canât depreciate these expenses at all, since land cannot be depreciated.