Question

Explain in brief the difference types of royalties. Distinguish between rent and royalty
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Answer 1

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• The term Royalty refers to the payment made for exclusive use for both tangible and intangible assets whereas Rent refers to the payment made towards use of tangible assets only. The payment of Royalty is made on the basis of output or sale, whereas Rent is paid for a specific period.

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Answer 2

Answer:

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