Question 3 Save Answer 16 points Buffalo Manufacturing Works (BMW) purchased a new Spot Welder so they can increase their welding capabilities. The unit was purchased on March 9, 2015 (i.e. five years ago) for $17,125. The welder has a useful life of 25 years. This asset will be depreciated according to a 5 year MACRS schedule. BMW is preparing to sell the asset in June 2020 for $6,850. If BMW's combined marginal tax rate is 27%, which of the following best represents the net proceeds from this sale? 1E 320 Formula Sheet 01272017.pdf Interest Tables.pdf $2,000 a b $975 c55,533 d. $1,320 Moving to another question will save this response. Question 3 of 5