Dear jcohen259,

This is from IRS Publication 527:

5-year property. This class includes computers and peripheral equipment, office machinery (typewriters, calculators, copiers, etc.), automobiles, and light trucks.

This class also includes appliances, carpeting, furniture, etc., used in a residential rental real estate activity.

In Turbo Tax to get the correct life, Update the Assets section of the Rental property.  Edit the fridge and stove (you're going to have to do this for each of the assets).  On the Describe this Asset page, choose Rental Real Estate Property.  On the next page, Tell us a little more about your rental asset, choose Appliances, Carpet, Furniture.  

Enter the description, cost, and date purchased or acquired, and fill out the next screens appropriately.

When you reach the screen that says Asset Summary, click the Show Details box, and you should have the cost and it should be correctly reported as a 5 year property.

If you have any further questions, please post to this thread.

CherylW