The net book value of equipment sold was:

Schwerin Corporation reports the following on its $2005$ financial statements.

$2004,2005$

From statement of cash flows:

Cash proceeds from sale of equipment

$$100$ million

Cash outflow from purchase of equipment

$170$ million

Depreciation

$50$ million

Gain from sale of equipment

$40$ million

$$120$ million

$$100$ million

$$80$ million

$$60$ million