d. Glven your answer in partc, Mulligan was able to perfectly predict the future that the machine would be sold for $24.000 at the end of the third Mulligan's overall cash flow results would be greater the double-declining method is used CMulligan's overall cash flow results would be the same with either depreciation methods. Depreciation Choices and Outcome. Mulligan Co, purchased a new machine on January 1. The following information portains to the purchase: Lure of asset 5 years Salvage value $9.000 Purchase price 54,000 Sales tax 3.000 Freight cost 2,400 Electrical setto 2,100 Custom programming 1,500 Estimated annual labor savings 10,500 Additional revenue generated 24,000 a. Determine the capitalized cost of the new machine $ b. Compute annual depreciation, accumulated depreciation and the machine's book value for the first three year assuming: 1. Straight-line depreciation il. Double-declining balance method Eminin Depreciation Accumulated Value Depreciation Accumulated Book Value al Depreciation Yarend Year-End Year 1 Year 2 Yous c. Assume the machine is sold for $24,000 at the end of the third year after depreciation has been calculated. Determine the pain or loss assuming: I. Straight-line depreciation ll. Double-declining balance method Do not use negative signs with your answers below Gain of LOSE Swaght-line Double-declining year, which depreciation method should Mulligan chooso Ignore taxes. cMulligan's overall cash flow results would be greater if the straight-line method is used