Belkin plc purchases a machine for £110,000 on 1 Jan 2015. The machine has no residual value, and an estimated useful life of 10 years. Belkin plc depreciates such machines yearly using the straight line method. On 1 Jan 2020, Belkin plc's management decides that the useful life was underestimated and should have been 15 years. What will be the annual depreciation charge for the year ended 31 December 2020?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.