Spencer Ltd. established a stock appreciation rights (SARs) program on January 1, 2014, which entitles executives to receive cash at the date of exercise (anytime in the next three years) for the difference between the shares' fair value and the pre-established price of $20 on 10,000 SARs. As of December 31, 2014, the shares' fair value is $30 per share, the SARs' fair value is $150,000, and the executives have not exercised their rights yet. The service period runs for two years (2014 to 2015), and at December 31, 2014, the service period is considered 50% complete.
(a) Record compensation expense for 2014 assuming that Spencer follows IFRS.
(b) Record compensation expense for 2014 assuming that Spencer follows ASPE.