prithviraj mohandoss (Finance associates) (143 Points)
25 October 2012Hi All,
I would like to know the difference between Royalty and Lease.
This is an general question.
kishore
(STUDENT(IPCC))
(867 Points)
Replied 27 October 2012
A payment made for the use of property, especially a patent, copyrighted work, franchise, or natural resource. The amount is usually a percentage of revenues obtained through its use.
lease
v.tr. leased, leas·ing, leas·es
lease is paid as a compsenation towards usage of the asset in some specific period towards tangible assest
Royalty paid on the basis of use of intellectual property
prithviraj mohandoss
(Finance associates)
(143 Points)
Replied 29 October 2012
Thanks kishor, got a clear picture.
CAclubindia
