What capital loss will boston report on this transaction

Reference no: EM13260514

Boston Corp. bought an oil rig exactly 6 years ago for $106,000,000. Boston depreciates oil rigs straight line over 10 years assuming no salvage value. The rig was just sold to Viking Petroleum for $34,000,000. What Capital Gain/Loss will Boston report on this transaction?

Reference no: EM13260514

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