No. It allows you to expense something that would otherwise be a depreciable asset, if that asset costs $2,500 or less. It has nothing to do with class life, everything to do with costs. Note that this does not apply to everything under $2,500 as there are some exceptions. I myself don't know what those exceptions are, but the program does. I also know that a new roof for rental property which will cost "at least" $10,000 now-a-days, does not come anywhere close to qualifying to be expensed. It has to be depreciated over 27.5 years.
