Asset value in risk management is determined by considering criticality, ease of replacement, and some measure of value. Criticality refers to how important the asset is to organizational operations, including its impact on productivity, safety, and continuity. Ease of replacement evaluates how quickly and easily the asset can be restored or substituted if lost. The measure of value includes financial worth as well as operational or strategic importance. In Human Resource and organizational contexts, this is especially relevant when assessing both physical assets and human capital, as employee roles and skills may be difficult to replace and highly critical to operations. Original cost alone does not reflect true importance, making it less useful. Therefore, option D is correct because it includes the most relevant and comprehensive factors for determining asset value.