Question: Exercise 8.2 EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONS On 1 January 2016, Park Ltd announces a grant of 250 share options to each of its 20

Exercise 8.2 ★ EQUITY-SETTLED SHARE-BASED PAYMENT TRANSACTIONS On 1 January 2016, Park Ltd announces a grant of 250 share options to each of its 20 senior executives. The grant is conditional on the employee continuing to work for Park Ltd for the next 3 years. The fair value of each share option is estimated to be $14. On the basis of a weighted average probability, Park Ltd estimates that 10% of its senior executives will leave during the vesting period. Required Prepare a schedule setting out the annual and cumulative remuneration expense to be recognised by Park Ltd for services rendered as consideration for the share options granted.

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