On average, cost of basic single coat of paint application on walls and ceiling in one 150 ft 2 bedroom vary from $125 to $165 excluding paint expenses and actual prices will be determined by a number of factors.
Subtract the salvage value, if any, to find the depreciable value. 3. Divide the depreciable value by the asset's life, or term of years that the asset will be kept and useful. 1  The result is the amount of annual depreciation for that asset. 2  It will be accrued each year over the life of the asset.
For more information, refer to Publication 946, How to Depreciate Property. The kinds of property that you can depreciate include machinery, equipment, buildings, vehicles, and furniture. You cannot claim depreciation on property held for personal purposes.If you use property, such as a car, for both business or investment and personal purposes, you can depreciate only the business or investment use portion. Land is never depreciable, although buildings and certain land improvements may be.or more information, refer to Publication 946, How to Depreciate Property. The kinds of property that you can depreciate include machinery, equipment, buildings, vehicles, and furniture. You cannot claim depreciation on property held for personal purposes.