At the end of its fiscal year, December 31, 2020, Cullumber Limited issued 159,000 share appreciation rights to its officers that entitled them to receive cash for the difference between the fair value of its shares and a preestablished price of $10. The fair value fluctuated as follows: December 31, 2021, $13; December 31, 2022, $9; December 31, 2023, $19; and December 31, 2024, $17. An options pricing model determined that the fair value of all 159,000 SARs fluctuated as follows: December 31, 2021, $657,000; December 31, 2022, $0; December 31, 2023, $1,481,000; and December 31, 2024, $1,113,000. The required service period is four years, and the exercise period is three years from the end of the service period. The company recognizes the SARs in its financial statements. Assume that Cullumber follows IFRS.

Prepare a schedule that shows the amount of compensation expense that is allocable to each year that is affected by the share appreciation rights plan.

Schedule of Compensation Expense - Share Appreciation Rights (159,000) Pre- Cumulative Compensation established Compensation Percentage Accrued to Price Recognizable Accrued Date Fair Date Value 12/31/21 $13 $10 $ % sl 12/31/22 9 10 1% 12/31/23 19 10 1% 12/31/24 17 10 196