Final answer:
Equipment requiring an extended period before installation or acceptance remains the custodial responsibility of the owner until installation and acceptance are completed.
Step-by-step explanation:
The statement is true. Equipment requiring an extended period before installation or acceptance remains the custodial responsibility of the party or organization that owns it until installation and acceptance are completed. This means that even though the equipment may be physically located in a different place or being worked on by a third party, the responsibility for its care and maintenance falls on the owner until the installation and acceptance process is finished.