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company announced a Stock Appreciation Right on 01/04/13 for each of its 525 employees. The scheme gives the employees the right to claim cash payment

company announced a Stock Appreciation Right on 01/04/13 for each of its 525 employees. The scheme gives the employees the right to claim cash payment equivalent to excess on market price of companys shares on exercise date over the exercise price $ 125 per share in respect of 100 shares, subject to condition of continuous employment for 3 years. The SAR is exercisable after 31/03/16 but before 30/06/16. The fair value of SAR was ` 21 in 2013-14, $ 23 in 2014-15 and $ 24 in 2015-16. In2013-14 the company estimates that 2% of the employees shall leave the company annually. This was revised to 3% in 2014-15. Actually, 15 employees left the company in 2013-14, 10 left in 2014-15 and 8 left in 2015-16. The SAR therefore actually vested to 492 employees. On 30/06/16, when the SAR was exercised, the intrinsic value was $25 per share. Show Provision for SAR A/c by fair value method.

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