Healthcare organization: Cleveland Clinic Part of Milestone 3 involves identifying what capital budget item or items will be used as the basis for the written capital budget proposal. This means that you should identify a capital asset that you would recommend for the company to purchase. The capital asset will be something that the company will need to save money to buy and would show up on the balance sheet as an asset.\ \ Check out the link below for clarification on what counts as a capital asset.