Determine the compensation expense

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Problem - On January 1, 2019, Salt Lake Corporation grants share appreciation rights to its CEO. Under the plan, the CEO will receive cash for the difference between the quoted market price over a $50 option price for 1,000 shares of the company's common stock on the exercise date. The service period is 3 years. The fair value per SAR is $15 at the end of 2019 and $27 at the end of 2020. Determine the compensation expense for 2020.

Reference no: EM132889067

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