In this paper, the dominant factor affecting the performance of active intelligent reflecting surface (IRS) aided wireless communication networks in Rayleigh fading channel, namely the average signal-to-noise ratio (SNR) $\gamma_0$ at IRS, is studied. Making use of the weak law of large numbers, its simple asymptotic expression is derived as the number $N$ of IRS elements goes to medium-scale and large-scale. When $N$ tends to large-scale, the asymptotic received SNR at user is proved to be a linear increasing function of a product of $\gamma_0$ and $N$. Subsequently, when the BS transmit power is fixed, there exists an optimal limited reflective power at IRS. At this point, more IRS reflect power will degrade the SNR performance. Additionally, under the total power sum constraint of the BS transmit power and the power reflected by the IRS, an optimal power allocation (PA) strategy is derived and shown to achieve 0.83 bit rate gain over equal PA. Finally, an IRS with finite phase shifters being taken into account, generates phase quantization errors, and further leads to a degradation of receive performance. The corresponding closed-form performance loss expressions for user's asymptotic SNR, achievable rate (AR), and bit error rate (BER) are derived for active IRS. Numerical simulation results show that a 3-bit discrete phase shifter is required to achieve a trivial performance loss for a large-scale active IRS.