On 1 July 2016 XYZ Ltd grants 300 share appreciation rights (SARs) to each of its 100 employees conditional upon the employee working for the entity for the next 2 years. The fair value of each SAR at grant date is $30. At the end of the first year, 60 employees have left the company, and no employees are expected to leave the company in the second year. At the end of the second year, 40 employees remain. Twenty employees exercise their SARs on 30 June 2018, that is at end of the second year. The remaining 20 employees exercise their SARs during the year ended 30 June 2019. Information about the fair value and intrinsic value of the SARs appear below:

	Fair value of each SAR	Intrinsic value of each SAR
30 June 2017	$36.00
30 June 2018	$40.00	$42.00
30 June 2019	$43.00	$43.00

At 30 June 2017, the remuneration expense for the year is $216,000 and the balance of the Provision for SARs account is $216,000

At 30 June 2018, the balance of the Provision for SARs account is $240,000

Required:

What is the employee remuneration expense for the years ended 30 June 2018 and 30 June 2019?

Select one:

a.

2018	2019
$240,000	$86,000

b.

2018	2019
$24,000	$240,000

c.

2018	2019
$276,000	$258,000

d.

2018	2019
$276,000	$18,000

e.

2018	2019
$252,000	$18,000