5 Venn Ltd commenced trading on 1 January 2016. On that date the company purchased a building for 120,000 to be depreciated over 30 years with no residual value. Venn Ltd uses a revaluation model for buildings. After five years of trading on 1 January 2021, the building has a fair value of 175,000. It still has a further 25 years of useful life remaining. Calculate the annual depreciation charge to profit or loss in each year of the asset's life, and the revaluation surplus as at 1 January 2021