Bill is about ready to freak-out

Bill is about ready to freak-out. His medical director told him he has got to add an additional ultrasound machine to the department. This was going to mean a capital request and an additional increase to his upcoming operating budget that was due in two weeks.

What three inputs would be typically included for the capital budget in this scenario?

In the meantime, Harry, the CFO, is worried about completing his tasks due to the Board for the system’s overall budget. What three items might encompass such a budget?

Assuming the ultrasound machine is approved, how might the new capital be recorded in reports?

Will Bill have to provide “useful life” information concerning the ultrasound machine? Give an example how that might look.