pls explain the difference between rent and depreciation.
This query is : Open
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
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.
depreciation is the non cash expenditure incurred by the owner for the use and wear and tear of the asset.
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Amol S Joglekar
(Expert)
22 July 2016
you are most welcome.
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