Required profit/loss calculator on capital assets scrap out

This query is : Resolved

Keyur (Querist)
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26 July 2022 Sir/Madam

I required urgently profit/sales calculator on sale of capital assets of company in excel format.

thanks in advance

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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10 July 2024 To create a profit/sales calculator for the sale of capital assets of a company in Excel, you can follow these steps to set up a basic template. This calculator will help you determine the profit or loss on the sale of capital assets based on the sale price, cost of acquisition, and any related expenses. Here’s how you can set it up:

### Excel Profit/Sales Calculator for Sale of Capital Assets

1. **Open a New Excel Worksheet:**
- Open Microsoft Excel and create a new blank workbook.

2. **Set Up the Worksheet:**
- Label your columns to organize the necessary data:
- A1: **Sale Price**
- A2: **Cost of Acquisition**
- A3: **Expenses**
- A4: **Profit/Loss**

3. **Enter Formulas:**

- **Sale Price (Cell B1):**
- Enter the sale price of the capital asset in cell B1.

- **Cost of Acquisition (Cell B2):**
- Enter the cost of acquisition (purchase price) of the asset in cell B2.

- **Expenses (Cell B3):**
- Enter any expenses incurred directly related to the sale of the asset, such as brokerage fees, legal fees, or transfer charges, in cell B3.

- **Profit/Loss Calculation (Cell B4):**
- In cell B4, enter the following formula to calculate the profit or loss:
```
=B1 - B2 - B3
```
- This formula subtracts the cost of acquisition and expenses from the sale price to calculate the profit or loss.

4. **Format the Cells (Optional):**
- You can format cells to display numbers with currency symbols or to round to specific decimal places using the Excel formatting options.

5. **Save Your Calculator:**
- Save your Excel workbook with a relevant name, such as "Capital Asset Sale Calculator," in a location where you can easily access it.

### Example Scenario:

- **Sale Price:** Rs. 1,00,000
- **Cost of Acquisition:** Rs. 70,000
- **Expenses:** Rs. 5,000

With these inputs, the calculator would show:
- **Profit/Loss:** Rs. 25,000 (assuming a sale price of Rs. 1,00,000, acquisition cost of Rs. 70,000, and expenses of Rs. 5,000)

### Additional Considerations:
- Ensure all figures entered are accurate to get correct calculations.
- You can expand this basic calculator by adding more detailed expenses or tax considerations based on your specific needs.

This template provides a straightforward way to calculate the profit or loss on the sale of capital assets in Excel. Adjustments can be made based on additional factors or specific requirements of your company.

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