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Saturday, April 24, 2010

Rewards associated with a leased asset

Rewards associated with a leased asset are rewards that may be represented by the expectation of profitable operation over the asset’s economic life and of gain from appreciation in value or realisation of a residual value.

Rewards associated with a leased asset are specifically discussed in IAS 17 Leases.

Source: Glossary of Terms of IFRSs as at 31 December 2008.