Brighton corp bought an oil rig exactly 6 years ago for, Financial Management

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Brighton corp bought an oil rig exactly 6 years ago for

Brighton Corp. bought an oil rig exactly 6 years ago for $109,000,000. Brighton depreciates oil rigs straight line over 10 years assuming no salvage value. The rig was just sold to British Petroleum for $34,000,000. What Capital Gain/Loss will Brighton report on this transaction?

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Financial Management: Brighton corp bought an oil rig exactly 6 years ago for

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