Which two classifications of equipment have a life expectancy of at least 5 years?

The classification of Medical Expense and Medical Investment is the correct answer because both categories pertain to types of equipment that typically have a life expectancy of at least five years.

Medical Investment equipment refers to high-cost items intended for long-term use within healthcare settings, such as imaging machines or surgical devices, which are generally maintained and expected to function beyond five years.

Medical Expense equipment encompasses items that may not have a high initial cost but are still expected to be used extensively over a comparable duration. The key feature of these classifications is their long-term utility and the fact that they represent investments in the facility’s capability to provide care.

In contrast, the other classifications do not maintain this level of longevity in their life expectancy. Medical Equipment and Medical Supplies can include items that do not necessarily possess a five-year lifespan, as some may be more temporary or consumable in nature. Medical Consumables are specifically designed for a single use, and thus do not fit the criteria of lasting five years. Medical Warranty pertains to service agreements rather than the actual equipment life, while Medical Expense refers to financial classifications rather than physical durability. All of these aspects contribute to why Medical Expense and Medical Investment stand out as the correct answer regarding long-term equipment lifespan.