@Vanessa A 's comment is confusing. You can't "expense" an asset. Either it's an asset you depreciate, or you expense the item. If it cost less than $2,500 you can either expense it *or* classify it as rental property and depreciate it over 27.5 years. If it cost more than $2,500 then you *MUST* classify it as a rental property asset and depreciate it over 27.5 years.
