Yes, the rental residence should be reported as the main rental asset for depreciation.
The converted basis of this asset is the lesser of Fair Market Value or the Adjusted Basis, which includes the purchase cost plus any additions/improvements (including appliances, carpet, furniture) that were added BEFORE you began using the property as a rental. The basis does not include the cost of the land.
Any additions you make (new or used) after you list the property for rent would be entered as separate rental assets. You can combine all assets placed in service on the same date.
See this article for an extended list: How do I handle capital improvements and depreciation for my rental?
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