Accurate Inc. was incorporated on January 1, 20x7 and follows IFRS in preparing its financial statements. In preparing its financial statements for financial year ending December 31, 20x9, Accurate Inc. used these useful lives for its PPE: Buildings: 15 years; Plant and machinery: 10 years; Furniture and Fixtures: 7 years. On January 1, 2020, the entity decides to review the useful lives of PPE. For this purpose it hired external valuation experts. These independent experts certified the remaining useful lives of the PPE of Accurate Inc. at the beginning of 20X0 as: Buildings: 10 years; Plant and machinery: 7 years; Furniture and Fixtures: 5 years. Accurate Inc. uses the straight-line method of depreciation. The original cost of the various components of PPE were: Buildings: 15 000 000; Plant and machinery: 10 000 000; Furniture and Fixtures: 3 500 000. Assume that there were no salvage values for the three components of the PPE either initially or at the time the useful lives were revisited and revised. Accurate Inc. decides to change the useful lives of the PPE in compliance with the recommendations of external valuation experts. 1-What is the TOTAL annual depreciation charge prior to the change in estimates?

2-What is the TOTAL revised annual depreciation for the year ending December 31, 20X0?