How do you properly depreciate a BRRRR'd property?

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Good Morning Everyone!

I purchased a SFH for $50k cash on Nov 15th. I am investing up to $30k in rehab into the property. I expect it to appraise for $127,450 in 6 months when I plan on cash-out refinancing it 75% LTV. I will hold this property as a rental.

This is my first BRRRR deal and I am curious as to how I should handle the depreciation aspect of it. I would like to depreciate off the appraisal (less land of course) but no sure how - or if - that would work since the property will simply be refinanced and not actually trade.

What are your thoughts?