An asset is purchased for $740,000 today. It will have a $75,600 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2. Round entries to two decimal places. The tolerance is 10. Depreciation charge for year 2 $ Book value at the end of year 2 $