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Fausett Electronics, Incorporated, headquartered in Richfield, Minnesota, is one of the leading consumer electronics retailers, operating more than 1,000 stores across the globe. The following was reported in a recent annual report:

CONSOLIDATED BALANCE SHEETS
($ in millions)	Current Year	Prior Year
ASSETS
Property and Equipment
Land and buildings	$769	$719
Leasehold improvements	2,028	1,747
Fixtures and equipment	4,077	3,048
Property under capital and finance leases	114	63
	6,988	5,577
Less accumulated depreciation	2,772	2,288
Net property and equipment	4,216	3,289

Required:

1. Assuming that Fausett Electronics did not sell any property, plant, and equipment in the current year, what was the amount of depreciation expense recorded during the current year?

Note: Enter your answer in millions.

2. Assume that Fausett Electronics failed to record depreciation during the current year. Indicate the effect of the error (i.e., overstated or understated) on the following ratios:

a. Earnings per share.
b. Fixed asset turnover.
c. Current ratio.
d. Return on assets.