Present value of 1 for 16 periods at 4 %. 534
6.210
5.747
12.561
11.652
Present value of annuity for 8 periods at 6 %
Present value of annuity for 8 periods at 8 %
Present value of annuity for 16 periods at 3 %
Present value of annuity for 16 periods at 4 %
The present value of the interest is
10) Which of the following would be considered research and development costs?
11) On January 1, 2015, Evans Company granted Tim Telfer, an employee, an option to buy 3,000 shares of Evans Co. stock for $ 25 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $ 22,500. Telfer exercised his option on September 1, 2015, and sold his 1,000 shares on December 1, 2015. Quoted market prices of Evans Co. stock during 2015 were
January 1 September 1 December 1
$ 25 per share $ 30 per share $ 34 per share