I am looking at a balance sheet for a company and I encounter a line that looks as follows:

PPE (net of accumulated depreciation totaling $ 1.65 million) $ 8.76 million

Identify the true statement regarding this companys PPE:

Select one:

a. The Book Value (or Net Book Value same thing) of this companys PPE is $ 7.11 million

b. The historic purchase price of this PPE in total was $ 10.41 million

c. Gross PPE for this company would be $ 7.11 million

d. The historic purchase price of the PPE is $ 8.76 million

e. All of the statements shown are false