Answers (7)

beatryx 11-10-2012
beatryx - Kansas State University (KS)
In case of ‘Leased Asset/Lease Hold Land’ the amount paid for it is charged over the life of the lease and is called Amortization. Source:http://in.docsity.com/en-docs/Qouted_Companies-Financial_Accounting-Lecture_Handout_
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thecoral 15-10-2012
thecoral - Harvard University (MA)
The other term for the amount payed over the life of a leased asset is Amortization.
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