@operaflute When you enter an Asset in the Rental Assets section, you choose the Asset Type.
Any assets (such as the rental property itself), or improvements to the rental property are 'Residential Rental Property' and are depreciated at 27.5 years.
Other assets have a built-in amount for years of depreciation (depending on what is considered the 'life' of the asset), you just need to choose the right category.
Here are the most common:
- Three-year property (including tractors, certain manufacturing tools, and some livestock)
- Five-year property (including computers, office equipment, cars, light trucks, and assets used in construction)
- Seven-year property (including office furniture, appliances, and property that hasn't been placed in another category)
Click this link for detailed info on Depreciation of Business Assets.
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