Accountancy, asked by bhavarannya1646, 1 year ago

the nature of lease rent is

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Answered by ld5741

Answer: In this process, a firm acquires the economic use of an asset for a specific period of time. this firm is known as the lessee. On the other hand, the asset owner is known as a lessor. The lessee pays the lessor lease rent for the use of the asset.

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