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 Are you considering to bypass depreciating your assets due to the time and work involved in doing it?  Although it does require more time to account for the assets you have, depreciation is the best choice. You will  be able to deduct them on your tax return which will offset your income/loss, lowering what you may owe or increasing what you get back. Also, when it comes time to sell a property you have, even if you have not depreciated your assets, you are required to recapture (depreciate the asset to it's current year value) any depreciation up to the time of the sale. Thus, why not claim it while it is available to claim, otherwise you lose out on deductions that you cannot claim later.

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