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The following information applies to the questions displayed below! Fouset Electronics, Inc, headquartered in Richfield, Minnesota, is one of the leading consumer electronics retalers, operating

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The following information applies to the questions displayed below! Fouset Electronics, Inc, headquartered in Richfield, Minnesota, is one of the leading consumer electronics retalers, operating more than 1000 stores in the United Stam Mexico The following was reported in a recent annual report CONSOLIDATED BALANCE SHEETS Sin milions Current Year Prior Year ASSETS Property and Equipment Land and buildings $ 772 $ 200 Leasehold improvements 2.033 1734 Fixtures and equipment 4021 1040 Property under case 123 00 0.999 Les accumulated depreciation 2384 2.287 Net property and equipment 4.215 1200 Required: 1. Assuring that Best Buy did not sell any property, plant, and equipment in the current year, what was the amount of depreciation expense recorded during the current year? (Enter ye millions) Depreciation expense milion 2. Assume that Best Buy failed to record depreciation during the current year indicate the effect of the error (le overstated or understated) on the following rat # Earnings por share Fixed asset turnover Current ratio d Return on assets

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