Buying fully furnished STR unit and taxes

[Louis Barkhuizen]

Good morning all. I am getting ready to pull the trigger on m first STR. I am looking at a couple of fully furnished units, which brings up a question.

Are the contents (furniture, TV,s kitchenware, bedding, etc) of a fully furnished unit listed separately on the purchase contract, or are they just included in the purchase price? I ask this because the contents of a 3 bedroom house can add up to tens of thousands of dollars. Does the appraisal take into account the contents as separate from the real estate itself? 

Also, the furniture can be depreciated of 7 years as opposed to the 27.5 years depreciation schedule for real estate?

Thanks for any input, and have a great day.