The historical cost of Cisco's property and equipment at the most recent balance sheet date was (in millions):

	a.	$2,453
	b.	$8,561
	c.	$11,014
	d.	$19,575

At the most recent balance sheet date, the book value of Cisco's property and equipment was (in millions):

	a.	$11,014
	b.	$2,453
	c.	$8,561
	d.	$ 19,575

checking these

7. Balance Sheet Details The following tables provide details of selected balance sheet items (in millions): July 25, 2020 July 27, 2019 Cash and cash equivalents 11,8095 11.750 Restricted cash included in other current assets 21 3 1 Restricted cash included in other assets Total cash, cash equivalents, and restricted cash 11,812 11,772 Inventories Raw materials 456 $ 374 Work in process 25 10 Finished goods Deferred cost of sales 59 109 Manufactured finished goods 542 643 601 752 Total finished goods Service-related spares 184 225 Demonstration systems 16 22 Total 1,282 1,383 Our provision for inventory was $74 million, 577 million, and $63 million in fiscal 2020, 2019, and 2018, respectively. 4,252 4,545 Property and equipment, net Gross property and equipment: Land, buildings, and building and leasehold improvements Computer equipment and related software Production, engineering, and other equipment Operating lease assets 875 922 5,163 5,711 337 485 Furniture, fixtures and other 387 376 Total gross property and equipment 11,014 12,039 Less: accumulated depreciation and amortization (8,561) (9,250) Total 2,453 2,789 Deferred revenue Service 12,5515 11,709 Product 7,895 6,758 Total 20,446 18,467 Reported as: Current 10,668 11,406 $ 9,040 Noncurrent 7,799 Total 20.446 18,467 Remaining Performance Obligations: Product 11,261 9,603 Service 17,093 15,702 Total 28,354 25,305 CISCO SYSTEMS, INC. Consolidated Balance Sheets (in millions, except par value) July 25, 2020 July 27, 2019 ASSETS Current assets: Cash and cash equivalents 11.8095 11.750 Investments 17.610 21,663 Accounts receivable, net of allowance for doubtful accounts of $143 at July 25, 2020 and 51 36 at July 27, 2019 5.472 Inventories 1.282 5.491 1.383 5,095 Financing receivables, net 5,051 Other current assets 2.349 2,373 Total current assets 43.573 47,755 2.453 2,789 Property and equipment, net Financing receivables, net Goodwill 5,714 4,958 33806 33,529 1.576 2.201 Purchased intangible assets, net Deferred tax assets 3,990 4,065 Other assets 3,741 2,496 TOTAL ASSETS 94853 97,793 LIABILITIES AND EQUITY Current liabilities: Short-term debt 3,005$ 10,191 2.218 2,059 Accounts payable Income taxes payable Accrued compensation 839 1.149 3,122 3,221 Deferred revenue 11.406 10,668 Other current liabilities 4,741 4,424 Total current liabilities 25,331 31.712 11.578 14.475 8.837 8.927 Long-tem debt Income taxes payable Deferred revenue Other long-tem liabilities 9.040 7.799 1,309 2.147 Total liabilities 56,933 64.222 Commitments and contingencies Note 14) Equity: Cisco shareholders' equity: Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, 50.001 par value: 20,000 shares authorized; 4,237 and 4,250 shares issued and outstanding at July 25, 2020 and July 27, 2019, respectively 41,202 40,266 Accumulated deficit (2,763) (5,903) (519) (792) Accumulated other comprehensive boss Totalcquity TOTAL LIABILITIES AND EQUITY 37.920 33,571 94.853 97,793