Modern Bio-tech Ltd. granted 4,000 options to employees and directors on 1st April, 2013 asnd 150 when

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Modern Bio-tech Ltd. granted 4,000 options to employees and directors on 1st April, 2013 asnd ₹150 when the market price was ₹300. Vesting period is 3 years. You are required to :
(i) Calculate the value of options.
(ii) Calculate the amount to be amortised every year.
(iii) Pass necessary journal entries for the year 2013-14, 2014-15 and 2015-16.

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