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pls explain the difference between rent and depreciation.

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(Querist)
22 July 2016 pls explain the difference between rent and depreciation......what is known as the cost of using an asset....is it rent or depreciation
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Amol S Joglekar

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Amol S Joglekar (Expert)
22 July 2016 rent is the monetory consideration paid by the user to the owner.
depreciation is the non cash expenditure incurred by the owner for the use and wear and tear of the asset.
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retheesh

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retheesh (Querist)
22 July 2016 yess...thankkkksss a lottt.......



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Amol S Joglekar

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Amol S Joglekar (Expert)
22 July 2016 you are most welcome.
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retheesh

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retheesh (Querist)
22 July 2016 okkk sirrŕrrrr

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