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Q: How do you figure out the value of assets in place?

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It is in the hundreds' place so its value is 700.

assets are equal to liabilities (if you exclude capital, if however you are given the capital figure you have two options 1, add it to the liabilities figure OR 2, subtract it from the assets figure)

Its positional place value is 8,000 = eight thousand

Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets

The ' 3 ' has. You don't even need to know what "place value" is to figure that out.

To figure out your net worth, you would add up the value of all your assets and subtract the value of all your debts. In other words, your net worth is the difference between what you have and what you owe. If you sold all your assets and paid off all your debts with the proceeds, your net worth would be how much money you have left over.

the total assets figure

value

Yes and unlike the Hindu-Arabic numeral system a nought figure is not required for place value purposes because the place value of Roman numerals are self evident.

the assets will loose their assets vavues because of wear and tear use of goods

Yes and a nought figure is not needed to represent the positional place value of Roman numerals because their positional place values are self evident.

Which two factors cause the loss in value of tangible assets

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