3. This year, a manufacturer of lawnmowers spent $4 million to upgrade machinery in one of its factories. The machinery will be used to construct the engines of one of its models of mowers, and will hopefully be in use for at least 10 years before the manufacturer has to upgrade again. Which of the following is/are true regarding how the $4 million will affect the balance sheet and income statement of this firm? Be sure to select the answer choice containing all correct statements. A. The firm's current assets will go up this year by $4 million. 8. Net income for this firm will go down this year by $4 million, reflecting the cost of the factory upgrade The firm's costs of goods sold (COGS) will go up by $4 million The firm's depreciation expenditures on next year's income statement will go up as a result of the machinery upgrade. B and C are both true regarding the effects of the expenditure. B and D are both true regarding the effects of the expenditure