"transferee corporation continues to depreciate the transferred assets, using the same depreciation basis, depreciation method, remaining depreciable life, and rate as the transferor."

https://www.thetaxadviser.com/issues/2020/sep/incorporating-single-owner-business.html

Section 351(a) also overrides the depreciation recapture provisions (except where the
transferor must recognize gain as result of receipt of boot). The potential recapture gain is
preserved in the transferee corporation’s basis in the transferred property.

https://www.mayerbrown.com/public_docs/misc_tax_considerations_111606.pdf