What was the amount of depreciation and amortization for Beard Papas in 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities as of December 31, 2023 and 2022 are as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| Deferred tax assets (liabilities): | ||||
| Depreciation and amortization | $ 89,000 | $ | 101,000 | |
| Net operating l |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the depreciation and amortization for 2022 was $101,000.
Depreciation and amortization are accounting methods used to allocate the cost of tangible (depreciation) and intangible (amortization) assets over their useful lives. For prospective Beard Papas franchisees, understanding these figures can be important for assessing the company's financial health and how it manages its assets. These expenses reflect the wear and tear or consumption of assets used in the business operations.
The table also shows the deferred tax assets and liabilities for Beard Papas. Deferred tax assets arise when taxable income is expected to be higher in the future, while deferred tax liabilities occur when taxable income is expected to be lower in the future. These figures provide insight into the company's tax planning and future tax obligations.
Reviewing these figures in the context of the full financial statements can give potential franchisees a more complete picture of Beard Papas's financial performance and stability. It's advisable to consult with a financial advisor to fully understand the implications of these numbers.