No. Assets and the Section 481(a) Adjustment are two separate things.
You add each "asset" for depreciation to match the Cost Seg. Five year assets, Seven Year Assets, 15 year, 27.5/39 year, etc. When finished with that, your assets should reflect each separate item on the Cost Seg. This basically allows you to depreciate the amounts that did NOT qualify for Bonus depreciation, and allows an entry for your to report any items that were sold/disposed.
As a separate thing, you enter an amount for the 'catch up' amount of depreciation. That is the "Section 481(a) Adjustment". When entering your expenses, there should be a place to enter "other" expenses. That is where you enter the Section 481(a) Adjustment (the amount to 'catch up' on the missed/changed depreciation).
Be aware that if the property is a Passive Activity (most rentals are), some or all of the loss (due to the catching up on the depreciation) may be suspended until the Passive Activity has a profit.
