Depreciation should be recognized in the financial statements of (a) Private sector proprietary (for profit) hospitals only. (b) Both private sector proprietary (for profit) hospitals and NFP hospitals. (c) Both private sector proprietary (for profit) hospitals and NFP hospitals, only when they are affiliated with a university (d) All private sector hospitals, as a memorandum entry not affecting the statement of revenue and expenses. Select one: a. B b. c CA d