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.
Building improvements are considered a part of the building and are depreciated over the building's life. To be a leasehold improvement and thus eligible for special treatment, the work you do needs to meet three tests. First, it must be done by the landlord or the tenant of the space.