Planning to buy a new asset is quite a process. The company needs an installation plan, operating staff and of course a financial plan. Budget is a cash based concept. A company can have sales of more than িয়ন 10 million, but if there is no cash to buy, it can be difficult to build. There are three types of capital budgeting strategies to consider for your budget purposes. They are:
1. Payback method.
2. Net present value method.
3. Internal rate of return method.