You can follow the steps below with the help of the images already provided by @Critter-3.
- When you describe the asset you should select 'Intangibles, Other property
- On the next screen select 'Other Asset Type'
- Continue to enter your asset information.
- When you get to the screen Asset Class you should select 5 year
- Then you will have the option to select straight line depreciation.
Keep in mind that the first year is a half year convention.
As noted above, you also have an opportunity to say it is an improvement to the property that would automatically select a 27.5 year recover period using straight line with a mid-month convention.
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