If it is a government grant then IAS 20 shall apply. IAS 20 a grant relating to assets may be presented in one of two ways:
· As deferred income (and released to profit or loss when related expenditure impacts profit
· By deducting the grant from the asset’s carrying amount.
If it is not a government grant you may follow SIC-15 Operating Leases: Incentives which says:
All incentives for the agreement of a new or renewed operating lease are recognised as an integral part of the net consideration agreed for the use of the leased asset, irrespective of the incentive’s nature or form or the timiof payments
The lessee recognises the aggregate benefit of incentives as a reduction of rental expense over the lease term, on a straight-line basis unless another systematic basis is representative of the time pattern of the lessee’s benefifrom the use of the leased asset