percyval

Name the term used in place of depreciation on leased assets?

I want to know the term used in place of depriciation on leased asset.

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beatryx

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

The other term for the amount payed over the life of a leased asset is Amortization.

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