Spencer Ltd. established a SARs program on January 1, 2023, that entitles executives to receive cash at the date of exercise (any time 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 at December 31, 2023, 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 (2023 to 2024), and at December 31, 2023, the service period is considered 50% complete.

(a) Record compensation expense for 2023 assuming that Spencer follows IFRS.

(b) Record compensation expense for 2023 assuming that Spencer follows ASPE.