Decision Ethics You are the controller for a struggling company. Its operations require regular investments in equipment, and depreciation is its largest expense. Its competitors frequently replace equipment-often depreciated over 3 years. The company president instructs you to revise u lives of equipment from 3 to 6 years and to use a six-year life on all new equipment. What action do you take? Discuss the impact of revising equipment's useful lives on f statements and give the reasons to your action.