FIU Inc granted 2,500 stock options to its top management team on January 1, Year 1. The options vest at the end of 5 years (cliff vesting). The grant-date fair value of each option is $100. No forfeitures are expected to occur. The company is expensing the cost of the options on a straight-line basis over the 5-year period. On January 1, Year 2, the fair value of each option is $95. On January 1, Year 3, the fair value is $98. On January 1, Year 4 the fair value of each option is $96.Required:Determine the amount to be recognized as compensation expense for each of the 5 years under (a) IFRS, and (b) US GAAP.