On January 1, Year 1, SC Inc. granted 2,000 stock options to certain sales employees. 50% of the options vest at the end of Year 1 , and the remaining options vest at the end of Year 2 (graded vesting). The fair value of each option is \$8. Under IFRS, what is the compensation expense from these options in Year 1: $12,000 $8,000 $4,000 $16,000