When reviewing an asset, it asks for the "cost" first and then "land" next. Is the "cost" the entire cost of the asset or just the cost of the building?

[DDollar · Accepted solution]

If the asset is improved real estate, then the cost is just the cost allocated to the building, not including the land.  The cost of the land is entered separately.  That's because the building is depreciated, the land is not, so the total cost has to be allocated between the two.