Sany is thinking of selling an old machine and buying a new, higher capacity machine. It purchased the old machine for $1,000,000 three years ago and depreciated it using simplified straight-line depreciation method. The life of the machine was estimated as 5 years. If Sany can sell the machine for $200,000 today, what is the tax implication from the sale of this old asset? Assume that the tax rate is 40%.