Whether the art is depreciable primarily depends on the taxpayerâs answer to the following question: âIs any of the artwork considered âvaluable and treasuredâ?â In order to understand why it boils down to this one question, it is helpful to review some history on this issue: The Background Behind Artwork Depreciation
1 By selling your old metal piping for scrap youâll be able to recoup some, if not most, of the cost of new plumbing. 2  Replacing the existing plumbing with copper pipes in an average-sized, 2-batroom home costs $7,500 to $15,000.
1 If your home has recently been converted to gas, the local utility company might make a deal whereby they supply the meter and cover the costs for an initial length of gas piping (say 75 to 100 feet). 2  Otherwise, the cost to run gas line from the street to your house might be $500 to $2,000 depending on the distance. Extending a gas line to accommodate a new appliance might cost $250 to $500. 2  If, however, that same appliance requires a new line running back to the manifold, costs could reach $500 to $1,000 or more.