How much shall be reported as net capital gain or loss subject to rules on regular income tax? ATRIG Corporation sold some of its capital assets and derived gain or loss as follows: Item Truck 1 Truck 2 Shares sold directly to buyer Land located in Cebu Equipment Holding Period 3 years 9 months 5 years 10 years 4 years Gain/Loss (P350,000) (90,000) 400,000 1,200,000 120,000