Location field in Discovery Schedule

Hello Experts,

I am creating few discovery schedules and providing the location as example 'loc1' since we do not know the exact location right now. So please correct me if I am wrong.  When the discovery runs all CI created for this schedule will have location as 'loc1'. Now later on if I update the Discovery Schedule with the correct location when I get ,the next time when schedule runs will it update all those hundreds of records which it has discovered with new location ?

Thanks