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What else can I help you with?
What is the value of the figure 7 in the number 5768?
It is in the hundreds' place so its value is 700.
How do you determine assets when given liabilities?
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)
What is the value of the figure underline in the number?
To determine the value of the figure underlined in a number, you need to identify its position within the number. Each digit represents a value based on its place value—units, tens, hundreds, etc. For example, in the number 4,562, if the digit '5' is underlined, its value is 500, as it is in the hundreds place. If you provide a specific number, I can give you the exact value of the underlined figure.
What digit in 12.34 has the same place value as the 6 in 5.678?
The ' 3 ' has. You don't even need to know what "place value" is to figure that out.
Does depreciation increase total assets?
No, depreciation does not increase total assets; rather, it reduces the book value of tangible assets on the balance sheet over time. As an asset depreciates, its value is systematically expensed, which reflects the wear and tear or obsolescence of the asset. This reduction in asset value is matched by an increase in accumulated depreciation, but it does not affect the total assets figure. Overall, depreciation is an accounting method that allocates the cost of an asset over its useful life, leading to a decrease in the asset's net value.
Why do assets lose value?
Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets
Do roman numerals use place 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.
Is place value used in the roman system?
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.
In a common size balance sheet the 100 percent figure is?
the total assets figure
What is the net value of fixed assets called?
value
Why the assets are revalued when a new partner is admitted?
The actual value of assets may be different from their book value. So revaluation account is prepared at the time of admission to record any increase or decrease in the value of assets.
Why don't roman numerals have a place value system?
The place value of Roman numerals are self evident that's why the system doesn't need a zero figure for positional place value purposes which is essential in the Hindu-Arabic numeral system.
