Company XYZ reported a capital expenditure of $245 million and a depreciation expense of $200 million in 2016. Given the following information, if the company received $12 million cash from the equipment sale, how much gain/loss did the company recognize for the equipment sale?

December 31, 2015 December 31, 2016 (in millions) Equipment, gross Accumulated Depreciation $2,000 $2,200 $1,960 Changes $200 $160 $1,800