Some people will add the capitalizable costs to the asset and some people will create a separate asset for settlement costs.  Both are still depreciated the same way.  Prior answer was correct.  You need to go through settlement sheet line by line to see what is capitalizable, what is escrow (a non-depreciable asset) and what can be expensed.  Realize, only interest and taxes are expensed, unless there are rental property utility, HOA, etc. fees paid at settlement.  Those would go on the rental property schedule.