Pls bear with my silly question.
Investopedia says,
“Next, costs involved in operating the business are SG&A. This category includes marketing, salaries, utility bills, technology expenses and other general costs associated with running a business. SG&A also includes depreciation and amortization.”
But sometimes I see that the item set take the dep and amortisation cost out of the SG&A just like 2013 CFA mock PM Q49.
Does that mean both methods are acceptable?