Which of the following are appropriate to state about Depreciation? Select all that apply.

Group of answer choices

All assets $($except land$)$ depreciate, or lose value over time through use, wear and tear, or technological obsolescence

If the asset were recognized and the depreciation expense not taken into consideration, the assisted living community$$s real cost of operations would be significantly understated

All ALC assets, whether they are purchased or donated, must be included in the community$$s balance sheet

Depreciation must be recorded as an operating expense