How do I record the expense of a major appliance for a rental property? As an Asset or as a deductible expense?

[LeeB6]

I had to replace a refrigerator and a washer/dryer. I'm not sure of the best way to enter these costs. Are they Assets or expenses? thx

[Mike9241]

you may be able to expense them by using the De Minimis safe Harbor Election - items costing less than $2500. if they are below that threshold and you do not make the election capitalize and depreciate

see this webpage for details

https://accountinginsights.org/de-minimis-safe-harbor-rules-for-rental-property-owners/ 

[LeeB6]

Thank you! 

(I endured three 2FA challenges just to be able to log in to thank you.)   😉