lease

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Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2010 what is the meaning of leasing?

CA. Chikkerur C R

CA. Chikkerur C R (Expert)
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17 October 2010 Hi

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

Querist : Anonymous (Querist)

17 October 2010 thanx..

but how does it apply when dealing with depreciation?

Kishanlal Paliwal

Kishanlal Paliwal (Expert)
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18 October 2010 Depreciation applicable in case of Capital Lease provided the assets is salable at the end of lease period.

Regards
K.L.Paliwal

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