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Question Completion Status: CHICK SUDITI U Crete UTS SETTL Questions or Save Answer Question 5 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? IE 320 Formula Sheet 01272017.pdf Interest Tables.pdf $2,000 b. $5,533 c. $975 d. $1,320 Click Submit to complete this assessment. Question 5