How to Calculate Total Assets
Find the value of your total assets. Total assets include cash and other items of value that can be converted into cash that are owned by a person or company. In order to make any kind of financial plan, the sum of total assets must be known.
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Instructions
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Value of Your Home
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Determine the appraised market value of your home. If your home is appraised at $200,000, then this would be the total value of your home. Do the same for any other real property.
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Finding the amount of value you have in your cars is just as easily figured. Look up the average retail value in the Blue Book available online or at your insurance agent's office. A business would do this would for company-owned vehicles.
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Personal property and household goods are not as easily figured. Possibly the best bet is having your insurance agent figure that amount. Values of jewelry can be arrived at by appraisal, which is needed for insurance purposes. For a business, this category would include office furnishings and any equipment owned.
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Tally all cash on hand. Cash on hand includes money in the bank, CDs, money market accounts and any other funds that are readily available for your use.
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Total the cash value of your life insurance. This can be found in a table within the insurance policy for any point in the life of the policy. It may be stated than at a certain time, the cash value is say, $100 per thousand. In this case, simply multiply the cash value per thousand by the face amount of insurance.
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Find the monetary value of your stock portfolio. The value of your stock portfolio fluctuates daily. Look up the value per share either online or in a daily newspaper. Multiply this amount by the number of shares you hold. Do this with all your stocks. Then add the totals to determine the value of your stocks.
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Take the totals you have come up with in each category. Add them all up to determine your total assets.
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