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Yes the rule applies to your portion of the item. So in your example if you have a 50/50 share then yes.

You can claim all furniture, white goods, etc Items under $300 don't have to be depreciated but can be claimed straight out as a deduction. Eg. Table: $300, 4xchairs: $50 each = $500. Can't be claimed as a deduction. A set cannot be split into individual items. If you just bought the table...