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.
[1] Can I deduct the cost of the equipment that I buy to use in my business? Equipment is considered a capital asset. You can deduct the cost of a capital asset, but not all at once. rule is that you depreciate the asset by deducting a portion of the cost on your tax return over several years. Question 15 for an exception to this general rule.