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E7-44 Learning Objective 4: Determining the sale price of property and equipment) Wilson Corporation reported the following for property and equipment (in millions, adapted): Year

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E7-44 Learning Objective 4: Determining the sale price of property and equipment) Wilson Corporation reported the following for property and equipment (in millions, adapted): Year 20X720X6 Property and cquip$2403$2201 niin i la cra preciation :to::13,306) (12:08 llion for new property and equipment. Depreciation for During 20X7, Wilson paid $2,510 mi the year totaled $1,546 million. During 20X7, Wilson sold property and equipment for cash of $48 million. How much was Wilson's gain or loss on the sale of property and equipmernt during 20X7

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