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Brighton Corp. bought an oil rig exactly 6 years ago for $114,000,000. Brighton depreciates oil rigs straight line over 10 years assuming no salvage value.

Brighton Corp. bought an oil rig exactly 6 years ago for $114,000,000. Brighton depreciates oil rigs straight line over 10 years assuming no salvage value. The rig was just sold to British Petroleum for $30,000,000. What Capital Gain/Loss will Brighton report on this transaction?

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