I'm switching from an accountant to TurboTax this year and just realized my previous accountants (2 different people over the previous 4 years) miscategorized some assets. I have camera equipment and camera accessories that I both use and rent out. One accountant started depreciating my equipment as furniture/fixtures, which is 7 years so same as video equipment. Maybe no big deal. The other accountant started depreciating newer assets I purchased as machinery/equipment, which is a 5 year schedule and would change the math if I switched categories so obviously a bigger deal. Can I switch everything to the proper category or do I just continue each item as it was started, knowing that the category is wrong?
FYI - sole proprieter 1040 Sch C
