What was the total amount of accumulated amortization for Beard Papas intangible assets in 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
cative of the financial position or the results of operations if the Company had operated without such affiliations.
5. Intangible Assets
Intangible assets consist of the following as of December 31, 2023 and 2022:
| Estimate Life | 2023 | 2022 | ||
|---|---|---|---|---|
| Intangible assets: | ||||
| Website and software | 5-7 years | $ | 16,919 | $ 16,919 |
| Trademark | 7-10 years | 30,026 | 30,026 | |
| Total intangible assets | 46,945 | 46,945 | ||
| Less: accumu |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the total accumulated amortization for intangible assets in 2022 was $41,467. This figure reflects the cumulative amount of amortization expense recognized against the value of Beard Papas's intangible assets, such as website and software and trademarks, up to the end of 2022. Amortization is the systematic allocation of the cost of an intangible asset over its useful life.
For a prospective Beard Papas franchisee, understanding accumulated amortization is crucial for assessing the net value of the company's intangible assets. The net value of intangible assets is calculated by subtracting the accumulated amortization from the total cost of the intangible assets. In 2022, the total intangible assets were valued at $46,945, and after subtracting the accumulated amortization of $41,467, the net intangible assets were $5,478.
This information is important for franchisees as it provides insight into the financial health and accounting practices of Beard Papas. Monitoring these figures over time can help franchisees understand how the value of these assets is being managed and how it impacts the overall financial position of the company. Additionally, the amortization expense for 2022 was approximately $6,000, which gives further context to the accumulated amortization figure.