At the end of its fiscal year, December 31, 2020, Pharoah Limited issued 192,000 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, $15; December 31, 2022, $8; December 31, 2023, $22; and December 31, 2024, $20. An options pricing model determined that the fair value of all 192,000 SARs fluctuated as follows: December 31, 2021, $1,140,000; December 31, 2022, $0; December 31, 2023, $2,354,000; and December 31, 2024, $1,920,000. 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 Pharoah follows IFRS.

(a)

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. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Schedule of Compensation Expense Share Appreciation Rights (192,000)
Date		Fair Value		Pre established Price		Cumulative Compensation Recognizable		Percentage Accrued			Compensation Accrued to Date
12/31/21		$15		$10		$enter a dollar amount		enter percentages	%		$enter a dollar amount
											enter a dollar amount
12/31/22		8		10		enter a dollar amount		enter percentages	%		enter a total of the two previous amounts
12/31/23		22		10		enter a dollar amount		enter percentages	%		enter a dollar amount
											enter a dollar amount
12/31/24		20		10		enter a dollar amount		enter percentages	%		enter a total of the two previous amounts