To accurately budget for equipment, which of the following should be included?

Including all associated costs, including acquisition, is essential for accurately budgeting for equipment. This approach ensures that the total cost of ownership is considered throughout the equipment's lifecycle, rather than just the upfront purchase price.

When budgeting, it's important to factor in not only the initial acquisition cost but also any additional expenses that may arise such as installation, training, maintenance, repairs, and operational costs. By understanding the complete financial picture, you can make informed decisions about what equipment to purchase, ensuring that it fits within your overall budget and meets your operational needs effectively.

This comprehensive method helps avoid unexpected costs later on, providing a clearer view of the financial commitments associated with the equipment over time.