On 1 July 2015, Pear Ltd. bought a machine for 320,000. The machine was depreciated at 10% per annum on a straight line basis. Depreciation is time apportioned in the year of purchase and disposal. On 1 October 2018, the machine was revalued to 250,000. The directors of Pear Ltd. have elected to transfer the additional depreciation from revaluation surplus. According to IAS 16 Property, Plant and Equipment, the depreciation charge for the year ended 31