Is depreciation part of COGS or SG&A?

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  3. #depreciation
  4. #corporate
  5. #gross
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  7. #example
  8. #profit
  9. #production
  10. #captured
  11. #furniture
  12. #associated
  13. #building
  14. #included
  15. #would
  16. #therefore
  17. #direct
  18. #goods