lease
Querist : Anonymous
I am not sure in what context you are asking meaning of leasing
In general
A lease is a contractual agreement between the lessor (owner) and the lessee (second party) for a specified asset, which can be property, a house or apartment, business or office equipment, an automobile or even a horse. The lessee receives the right to total ownership for a spelled out period of time and conditions in return for payments. Do not confuse a lease with a rental, although these words are often interchanged. A rental is for a short period of time, such as a month, where, in this case, the agreement is renewed or the terms are changed monthly.
Querist : Anonymous
but how does it apply when dealing with depreciation?
Regards
K.L.Paliwal
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