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The following (partial) balance sheets are available for i-Truck, an electronic pickup truck maker, on December 31, 2018 i-Truck (Partial) Comparative Balance Sheets Dec 31, 2017 Dec. 31. 2018 Non-current Assets: Land $350,000 Property, Plant, & Equipment 2,300,000 2,600,000 (Accumulated depreciation) 752,000 900,000 Net Property, Plant, & Equipment 1.548.000 1.700.000 Total Non-current Assets 2,048.000 2,050,000 $500,000 Additional information is as follows: The book value of equipment sold was $500,000 and the sale of equipment resulted in a loss of $275,000 The acquisition cost of land purchased was $100,000. Depreciation expense is $500,000 for 2018. Determine cash flows from investing activities. Decrease by $777,000 None of other answer choices is correct Decrease by $725,000 Decrease by $1,027.000 Bale, Inc. purchased a machine for $100,000 on January 1, 2016. Bale has depreciated the machine using the straight-line method assuming a 5-year useful life and no salvage value. Due to a change in sales patterns, on January 1, 2018, management updates the estimate of the machine's total useful life to 8 years and also updates salvage value to $6,000. What amount of depreciation expense should Bale record for depreciation expense on its 2018 Income Statement? $6.750 $10.000 O $9.000 None of other answer choices is correct

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