Difference between Factory Data Reset and Wipe Data?

[Kelemvor]

I have an Asus Transformer that I want to wipe/reformat/reset to start over from scratch.

I see the option under Settings where I can do the Factory Data Reset.
I also know I can do the VOl-DOwn + Power and do the Wipe Data from the boot menu.

Can someone help me understand what the difference is between those two options and what they each do?

I want to reset this thing back to how it was when I took it out of the box. No apps, No data, No anything other than what it came with.

Thanks.

 

[electricpete]

Factory data reset from settings will allow you option to get rid of everything.

A recovery type wipe probably will not. On my device (Infuse), a CWM Data Wipe removes data associated with programs, but leaves user data intact.