(40 points): The Shasta College HELO program teaches students how to operate heavy machinery while out in the woods. The program operates on Sierra Pacific land, and produces revenue by delivering processed logs to SP. When trees get cut down (processed), they are delivered to Sierra Pacific in exchange for payment. Since this logging operation is not a manufacturing operation, the depreciation expense incurred on the heavy equipment is considered to be a period cost, not a product cost. In one to three paragraphs, answer the following questions: * Will the depreciation expense, in this case, show up on the Selling and Administrative Expense budget, or the Manufacturing Overhead budget? Explain. * Is depreciation a cash expenditure? Explain. Explain the difference between a product cost and a period cost. * Can depreciation ever be considered part of product cost (as part of Manufacturing Overhead)? Give an example