Depreciating a home converted to rental

Hello,

If a home is converted into a rental, what should the basis be and when should the depreciation start?

For example:

The house was bought in year 2000 for $100K.

In year 2010, $5K go into making it a rental.

Should the 27.5 years start in 2010 and the basis be whatever is assed value in 2010?

Thanks.