What was the amortization expense for 1-800-GOT-JUNK? for the period ended May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
For the period ended May 31, 2025 and 2024
May 31 May 31
Cash provided by (used in):
Operating: Net income for the period
$ 288,999 $ 266,526 Items not involving cash: Amortization 9,288 20,952
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the amortization expense for the period ended May 31, 2025, was $9,288. For comparison, the amortization expense for the same period in 2024 was $20,952.
Amortization is the process of spreading out the cost of an intangible asset over its useful life. This accounting practice reflects the reduction in value of these assets over time. For a 1-800-GOT-JUNK? franchisee, understanding amortization can be important for accurately assessing the financial performance of the franchise.
The difference in amortization expense between 2024 and 2025 could be due to several factors, such as changes in the value or useful life of intangible assets. It is important to note that these figures are unaudited and are expressed in United States dollars.