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