Question

.............allows the user to use the
asset for a limited period or almost the full economic life even without owning the asset.
option:- a) privatization b) society
c) rent d) leasing ​

Answer 1

Answer:

c) is the correct answer.......

Answer 2

Answer:

Option - d - Leasing allows the user to use the asset without owning it.

Explanation:

• A lease is a legal agreement in which the user (referred to as the lessee) pays the owner (referred to as the lessor) for the use of an asset.
• Property, buildings, and cars are examples of leased assets.
• Equipment for industry or company is also leased.
• A lease agreement, in its most basic form, is a contract between two parties: the lessor and the lessee.
• The lessee acquires the right to use the asset in exchange for regular rental payments from the lessor, who is the legal owner of the asset.
• The lessee also agrees to follow certain rules when it comes to using the property or equipment.
• A person leasing a car, for example, may agree to the restriction that the vehicle will only be used for personal purposes.

Hence, a lease allows one to use an asset for a standard period without owning it.

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