Should depreciation be included in COGS?

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  1. #goods
  2. #being
  3. #expenses
  4. #inventory
  5. #asset
  6. #operating
  7. #direct
  8. #whether
  9. #associated
  10. #listed
  11. #depreciated
  12. #expense
  13. #production
  14. #included
  15. #fixed
  16. #depends
  17. #depreciation