A hospital buys a SuperScanner that costs $10,000,000. The hospital accountant was told that the SuperScanner is expected to last for 12 years. One year later, the accountant learns that the SuperScanner life expectancy was incorrect, and that it will last only six years. The accountant should not change the depreciation schedule or amend the previous year's financial reports.

Question

Quizplus · Accepted Answer

The Answer is False

A Hospital Buys a SuperScanner That Costs $10,000,000