Week 06 course project – lease or buy?

As part of your Course Project, you are asked to make the determination whether a piece of equipment should be leased or purchased.

To begin the EMR conversion process, the department will need to purchase a scanner. The cost to lease a scanner is $1,500 a month; however the cost to buy the scanner is $25,000. The department anticipates using the scanner for a year and a half.

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Determine whether it would be more appropriate to lease or buy the equipment. Prepare the justification for your decision and remember to include the cost in your budget proposal. Make sure to include your calculations to support your decision.

Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates.

 

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