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CP8-6 (Static) Using Financial Reports: Inferring the Sale of Assets LO8-1, 8-5, 8-7 Eastman Kodak is a global commercial printing and imaging company with proprietary

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CP8-6 (Static) Using Financial Reports: Inferring the Sale of Assets LO8-1, 8-5, 8-7 Eastman Kodak is "a global commercial printing and imaging company with proprietary technologies in materials science, digital imaging science and software, and deposition processes." In a recent annual report, the cost of property, plant, and equipment at the end of the current year was $708 million. At the end of the previous year, it had been $686 million. During the current year, the company bought $38 million worth of new equipment. The balance of accumulated depreciation at the end of the current year was $394 milion; at the end of the previous year it was $344 million. Depreciation expense for the current year was $62 million. The company reported an $8 million gain on the disposition of property, plant, and equipment. There were no impairment losses during the current year. Required: What amount of proceeds did Eastman Kodak receive when it sold property, plant, and equipment during the current year? (Enter answer values in million of dollars.)

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