table_specific

What was the reported amount for accumulated depreciation for All Team in 2022?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

,603 | | Less accumulated amortization | (7,274) | (7,724) | | | $61,329 | $61,329 |

Management has determined there has been no impairment of these assets in 2023 or 2022.

NOTE 4 – FIXED ASSETS

Fixed assets consist of the following:

2023 2022

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the accumulated depreciation reported for 2022 was $38,432. This figure represents the total depreciation of the company's assets, specifically computer software, furniture and fixtures, and office equipment, up to December 31, 2022. After subtracting this accumulated depreciation from the total value of these assets ($38,432), the net value is reported as $0 for the year 2022.

For a prospective All Team franchisee, understanding accumulated depreciation is crucial for assessing the financial health and asset management practices of the franchisor. A high level of accumulated depreciation relative to the assets' original cost may indicate that the assets are nearing the end of their useful lives and may need replacement soon. However, in this case, the accumulated depreciation matches the asset value, resulting in a net value of zero.

It's important to note that these figures reflect the financial position of All Team Franchise Corporation itself and not the individual franchise units. Franchisees will have their own assets and depreciation schedules to manage. Reviewing these financial statements provides insight into how All Team manages its own assets and financial reporting, which can be an indicator of the overall financial management practices of the company.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.