Any idea about putting everything as Cost, and completely ignore Cost of Land?
Don't do that. You'll completely screw up the depreciation. The cost of the land is part of your cost basis, and does not get depreciated. Whereas the amount in the COST box, minus cost of land, is what gets depreciated. The program (not you) does the math. Leave out cost of land, and you change the depreciation.
Do the math yourself, and you'll screw up the cost basis which means when you sell, you'll be paying taxes on money twice. Just...... don't do that.
