Yes, you can deduct a portion of shared resources on both Schedule C business expenses. You just have to be sure that you are not deducting more than 100% in total.
For example, you mentioned that you use your laptop for both businesses. If you assume that it is only used for business purposes with no personal use at all, then between the two businesses you cannot deduct (or depreciate) more than 100% of the cost of the laptop. You have to decide what percentage it was used for each business, 50% for each or another breakdown between the two. If you also used it for personal purposes, then that must be taken into account as well.
If you wish to depreciate the laptop, then it would be entered in each Schedule C as a business asset. Enter the total cost of the laptop when you are setting up the depreciation, but be sure to include the appropriate percentage of business use.
As you go through the depreciation, the percent of business use may be the factor that is causing you to believe that the depreciation is too low, so take a closer look at that and also consider that it is being depreciated in two separate businesses so the total depreciation is larger than you might realize.
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