Depreciation Practices The annual report of General Mills, maker of Wheaties, Cheerios, and Betty Crocker baking products, for the year ended May 25, 2003 contained the following ($ in millions):

Total land, buildings, and equipment Less accumulated depreciation Net land, buildings, and equipment 2003 2002 $4,929 $4,618 1,949 1,854 $2,980 $2,764 During fiscal 2003, depreciation expense was $365 million, and General Mills acquired land, build- ings, and equipment worth $711 million. Assume that no gain or loss arose from the disposition of land, buildings, and equipment and that General Mills received cash of $130.0 million from such disposals. Compute (1) the gross amount of assets written off (sold or retired), (2) the amount of accumulated depreciation associated with the assets sold or retired, and (3) the book value of the assets sold or retired. Hint: The use of T-accounts may help your analysis.