I know this is an old post but I have the exact same issue. It says to put in the description of asset (furnace) and gives an address as an example so it makes me think that I'm depreciating an actual real estate property. Some verbiage such as HVAC, Furnace, Air conditioner is never included in the category selection so not intuitive at all. I'll bet a lot of people put it under appliances with 5-7 year depreciatation period by mistake.
