The following is a tibular suminary relating to equignsent that was purchased for cash by a company on the firit day of the current year The equ'pment was deprecated on a straiche line buils Withan eitimated usefulife of 10 yesz and asaivate value of 580 . Part of the equipment was sold en the last diy of the current vear for caish proceeds. Uve the information in the tabular surrmary to derive the mistine amounts [A] Purchane of equipenent on Javiusry 1. What was the cash paid? (b) Deprecubian reorded on Decenber 31. What was the depreciation eepenie? (6) Sale of part or the coupment on Decembec 31. What was the gain on disposal? reduced