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 you have gutters, extend the downspouts. 2  Simple above-ground extensions of 3-25 feet are $10-$50 each. 3  Extending downspouts into underground drainage pipes or a drywell can cost $100-$400 for do-it-yourself materials and $200-$2,000 or more with professional installation. Large-capacity, low-maintenance dehumidifiers for extremely damp or large basements start around $800-$1,200. 2  Installing a sump pump runs$100 -$300 for do-it-yourself installation in a typical family home, or $250-$600 for both parts and labor to have a plumber or waterproofing contractor install it for you.