After being graduated, you have been hired by a small CPA firm located in Manhattan. The senior on the audit engagement has assigned you to audit cash and depreciation expenses of Shaheen Inc., a private pharmaceutical company, one of the largest audit clients of the firm. The senior asked you to do the work on your own and encouraged you to bring to her attention anything you would like to discuss. You obtained the depreciation schedule prepared by Shaheen's controller and reviewed and signed off my the CFO. A new asset of $5 million called "COVID-19 Related Assets" has been recognized by the client. You believe this should be expensed. You discussed the matter with the senior who took you to discuss further with the controller. The controller explained those are the cost incurred to purchase COVID-19 research related long lived equipment, provided the invoice and cash payment made for the equipment. No issued noted with the invoices or payments. Your senior agreed with the controller that the capitalizing was appropriation as COVID-19 is a new matter, there is no specific standard for whether to expense or capitalize. You believe it should be expensed. The senior asked you not to waste any more time on this, recalculate the depreciation expenses, complete the documentation, and move to auditing cash. Do you agree with the senior's assessment - why and why not?