What was the net property and equipment for Afuri Ramen Dumpling?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Property and equipment – Property and equipment are stated at cost less accumulated depreciation. Depreciation is recorded using the straight-line method over the estimated useful lives of the respective assets (5 years). Improvements which increase the useful life of property and equipment and replacements of major components property and equipment are capitalized while maintenance, repairs, and minor replacements are expensed as incurred.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
I am unable to provide the net property and equipment for Afuri Ramen Dumpling based on the 2024 Franchise Disclosure Document excerpts provided. While the excerpts discuss the company's accounting policies regarding property and equipment, stating that these are recorded at cost less accumulated depreciation, the actual figures for net property and equipment are not included in the provided excerpts. To obtain this information, a prospective franchisee should review the complete financial statements in the FDD or ask the franchisor directly for these figures.