when should an item be entered on the depreciable assets page?

[pbmunkey]

I run an airbnb. How should I categorize small ticket items such as a $100 Keurig machine or a $50 knife block? Is there a dollar amount when an item should start being depreciated as a depreciable asset on the assets page?

[AnnetteB6]

There is not a particular dollar amount where it becomes more necessary to claim depreciation on an item.  Instead, you need to consider the useful life of the item in question.  

Things such as a knife block and Keurig machine may have a useful life of under a year.  If that is the case, include the cost of these items as an expense instead of a depreciable asset.  You can enter the cost as a 'supply' expense.

Here is how TurboTax defines a rental supply expense:

Supply expenses are items you used for your rental property that cost $200 or less or last less than a year. 

Also, take a look at the following TurboTax help article to learn more:

What is depreciation?
 

[pbmunkey]

I have a lot of items that are $200 or less, such as blow, dryers, and irons, and other things that have a useful life of under one year. Should I classify them as “supplies” along with my regular supplies, such as toilet papers and cleaning supplies or is it better to put them under misc expenses? 

[CatinaT1]

Yes, I would classify them as supplies. If you would like to separate the different kinds of supplies, you can.