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.
If your property is not new, the PVA must estimate how much your property has depreciated. The value of the land is added to the depreciated building value. The third method is often called the INCOME APPROACH. This method takes into consideration what your property would produce in rental income.