A telephone company purchased a microwave radio equipment for 6M. Freight and installation charges amounted to 3% of the purchased price. If the equipment will be depreciated over a period of 8 years with a salvage value of 5% of the investment cost, what is the salvage value of the equipment? What is the depreciation charge on the 5th year period using SOYD? What is the book value during the 3rd year?