What was the depreciation and amortization expense for Anago in 2024?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
ons during the years ended December 31, 2024, 2023, and 2022 totaled $179,589, $290,550, and $(113,548), respectively.
NOTE E - INTANGIBLE ASSET, NET
Intangible assets, net consist of a trademark with a cost of $184,000 and the related accumulated amortization as of December 31, 2024, 2023, and 2022 of $154,356, $142,089, and $129,822, respectively. During the years ended December 31, 2024, 2023, and 2022 amortization expense totaled $12,267, $12,267, and $12,267, respectively.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the company's depreciation expense totaled $43,881 for the year ended December 31, 2024. Additionally, the amortization expense for the same period totaled $12,267. These figures reflect the expenses related to the decrease in value of Anago's tangible and intangible assets, respectively, over that year.
For a prospective franchisee, understanding these expenses can provide insight into Anago's financial management and asset utilization. Depreciation reflects the wear and tear on physical assets, while amortization relates to the use of intangible assets like trademarks. Monitoring these expenses can help franchisees assess the overall financial health and stability of the franchisor.
It's important to note that these expenses are specific to Anago Cleaning Systems, Inc. and its subsidiaries. Franchisees should consider these figures in the context of the broader financial statements and compare them to industry benchmarks to gain a comprehensive understanding of Anago's financial performance. Reviewing these figures over several years, as the FDD provides, can also reveal trends and patterns that may be relevant to a franchisee's investment decision.