Yes, you may be able to depreciate the fence and other Improvements you made to your business property if they are a "betterment," restoration, or adapts the property for a new or different use. Other additions to the amenities of your RV Park may be fully deductible as expenses or repairs if they fall under the IRS definition of Repairs.
IRS Pub 946 How to Depreciate Property makes a distinction between repairs and improvements.
"You generally deduct the cost of repairing business property in the same way as any other business expense. However, if the cost is for a betterment to the property, to restore the property, or to adapt the property to a new or different use, you must treat it as an improvement and depreciate it."
Improvements do not qualify for Section 179 depreciation, but they should qualify for the Special (Bonus) Depreciation Allowance. TurboTax will help you make these elections when you enter the Improvements under Business Assets for Depreciation. Choose Intangibles, Other Property >> Land Improvements and follow the interview to take the Bonus Depreciation deduction.
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