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What is the gain or loss on a sale of assets that were bought 8 years ago for $12 million, depreciated straight-line over 15 years,
What is the gain or loss on a sale of assets that were bought 8 years ago for $12 million, depreciated straight-line over 15 years, and sold today for $3.5 million. Express in $ million, to the nearest $0.1 million, drop the $ sign. Precede a loss with the negative sign. E.g., if your answer is a loss of $1,550,000, record it as -1.6.
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