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.
One current provision, slated to be repealed, should be of special interest to construction firms and building product manufacturers, as it offers a deduction of up to 9% of gross revenues derived from manufacturing and construction activities: the Domestic Production Activities Deduction (DPAD), Internal Revenue Code (IRC) Section 199.