Just remember, this is only an opinion. Were it me providing a furnished place, I'd treat the small stuff (silverware, plates, linens, bath towels, etc) as supplies and claim it as a supply expense in the tax year I purchased it. These things tend to get broken/lost over time, or worn out through normal use rather quickly. If someone breaks a plate or rips a bed sheet, it's just plain stupid to have to deal with it as a depreciable asset. Also, some local taxing authorities (county or local township) considers the furnishings in a rental to be intangible assets, and assess a yearly intangibles property tax (sometimes referred to as a "use tax") on that stuff.
For the big furnishings, like tables, chairs, dressers, beds and the such, those are assets, as when it comes to value, a furnished rental definitely commands a higher rent than an unfurnished one. Also, I bet your "target renter" is short term, 2-4 year college students. They tend to tear things up. So while you can group items together, such as grouping everything in the bedroom as a "bedroom set", I'd list each item individually myself. Easier to deal with at tax time when that kitchen table was destroyed by all the partying new years eve. Yeah, they'll be paying for it. But you still have to deal with it on the taxes.
