What was the reported value of computer software for All Team in 2023?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
29 |
Management has determined there has been no impairment of these assets in 2024 or 2023.
NOTE 4 – FIXED ASSETS
Fixed assets consist of the following:
| 2024 | 2023 | |
|---|---|---|
| Computer software | $18,000 | $18,800 |
| Furniture and f |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the reported value of computer software in 2023 was $18,800. This figure is part of the company's financial statements, which include balance sheets as of December 31, 2023, and 2022. The financial statements also contain statements of operations, changes in stockholder's equity, and cash flows for the years then ended. These statements are audited by independent auditors.
The balance sheets detail the assets, liabilities, and equity of All Team at a specific point in time. The computer software value is listed as part of the assets, along with furniture and fixtures, and office equipment. Accumulated depreciation is then subtracted from the total to arrive at a net value.
Prospective franchisees should understand how All Team values its assets and how these values change over time. Reviewing these figures can provide insights into the company's investment in technology and infrastructure. It is important to note that these are historical figures and may not be indicative of future performance or investment strategies. Franchisees may want to inquire about All Team's plans for future technology investments and how these investments will support franchisees.