Accounting method for depreciation of assets

We purchased an investment property in 2021 as a residential rental property in another state which is not our primary residence. This is the first year to include on tax return. Someone told me we are able to take deductions on our tax return for a rental property. What is the preferred accounting method for depreciating property? Is there a list of items that can/cannot be depreciated? What IRS publications will help me? Thank you.