Where to enter rennovation expenses for rental property?

I purchased a rental property in October 2023 and I completed $20,000 of rennovations which should be addded to the basis.  Should I just add $20,000 to the "improvement value" areas (which is right below the land value"? In other words, if the structure portion of the purchase is $400,000, should I just put $420,000? 

 .. or should I list that $20,000 of rennovation under "assets and depreciation" to be depreciated seperately? 

 

Thank you.