Value of assets in place = Value of investment in existing assets + Net present value of assets in place
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)
The ' 3 ' has. You don't even need to know what "place value" is to figure that out.
Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets
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.
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.
the total assets figure
value
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.
the assets will loose their assets vavues because of wear and tear use of goods
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.
Which two factors cause the loss in value of tangible assets