Reference no: EM133189124
Question - The board of directors of Scribble company authorized the grant of 200 shares options per employee to supplement the salaries of its 150 key employees, the option which has a fair value of P50 vests, or become exercisable, beginning on January 1, 2024, if the employees, stay with the company for the entire three-year vesting period and provided further that market price of shares reaches P90 at the end of the vesting period. The options shall expire on December 31, 2025
The following information was deemed relevant for the computation of the compensation expense for each year.
1. December 31, 2021, the total estimated number of employees who will leave the company is 25 and the market price of share is P85
2. December 31, 2022, the total estimated number of employees who will leave the company is 30 and the market price of share is P87
3. December 31, 2023, the total estimated number of employees who will leave the company is 40 and the market price of share is P90
Required -
1. What is the amount of compensation expense for the year ended December 31, 2021?
2. What is the amount of compensation expense for the year ended December 31, 2022?
3. What is the amount of compensation expense for the year ended December 31, 2023?
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