Lease Account

A lease account is related to a legal document charting the terms in which one group decides to lease property from another party. A lease account assurances the renter use of an asset and pledges the property owner regular payments from the lessee for a specified number of months or years.

Annuity Method of Depreciation

Annuity Method of Depreciation: Learning Objectives: What is annuity method of depreciation? Where is it adopted? According to this method, the purchase of the asset concerned is considered an investment of capital, earning interest at certain rate. The cost of the asset and also