Question

explain the difference between royalty and rent .​

Answer 1

Answer:

Royalty is the consideration payable for the use of special right for both tangible and intangible assets. ... Royalty is paid either on the basis of output or sale, whereas rent is paid on the basis of period. Royalty varies on the basis of output or sales. But rent is fixed.

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Answer 2

Answer:

Royalty is the consideration payable for the use of special right for both tangible and intagible assets but rent is the use of only tangible assets.