What are large equipment purchases made by Level III Instructors referred to as?

Large equipment purchases made by Level III Instructors are referred to as capital purchases because this terminology specifically relates to acquiring assets that are expected to provide value over an extended period. Capital purchases involve significant expenditures that enhance the capacity or efficiency of training programs or facilities associated with fire protection services. Such investments typically include equipment, vehicles, or infrastructure that are crucial for implementing educational programs effectively.

This categorization is essential for budgeting and financial reporting purposes, as capital purchases differ from operational expenses, which cover day-to-day running costs. Understanding this distinction assists instructors and administrators in planning and managing resources more effectively.