Yes. On the Depreciation and Amortization Report, if you add the "Cost (Net of Land)" and "Land" amounts, the total should equal what you entered for "Cost" when you entered the asset.
As you may already know, per IRS Publication 946, How to Depreciate Property Page 6:
"You cannot depreciate the cost of land because land does
not wear out, become obsolete, or get used up. The cost
of land generally includes the cost of clearing, grading,
planting, and landscaping.
Although you cannot depreciate land, you can depreciate
certain land preparation costs, such as landscaping
costs, incurred in preparing land for business use. These
costs must be so closely associated with other depreciable
property that you can determine a life for them along
with the life of the associated property."
