Brighton Corp. bought an oil rig exactly 6 years ago for 108,000,000. Brighton depreciates oil rigs straight line over 10 years assuming no salvage value. (straight line depreciation means that the yearly depreciation will be the purchase price of the oil rig divided by the number of years it will last, which is 10 years here). The rig was just sold to British petroleum for 34,000,000. What capital/loss will Brightonreport on this transaction?

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