What was the gross block value of the Best Brains' Ford F150 as of January 1, 2023?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1 Cash and cash equivalents | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|
| Balances with Banks Bank of America Chase Bank Itasca Bank & Trust PayPal Bank | 235,640.80 16,982.18 612.17 8,814.52 | 165,528.73 (7,861.37) (3,392.26) |
| Total | 262,049.67 | 154,275.10 |
| 2 Trade Receivables | As at | As at December 31, 2022 |
| Outstanding for a period not exceeding 3 month | 1,631,849.78 | 200,982.30 |
| Outstanding for a period exceeding 3 months | 1,348,993.49 | |
| Total | 2,038,407.38 | 1,549,975.79 |
| 3 Other Current Assets | As at December 31, 2023 | As at December 31, 2022 |
| Employee Advance Loans to Shareholders State Tax Receivable Others Suta Receivable Undeposited Funds Service contract | 18,891.00 | 19,091.00 |
| 199,678.84 | 193,678.84 | |
| 4,452.00 | 4,452.00 | |
| 4,208.67 | 70.19 | |
| 66.66 | - | |
| 23,929.61 | 3,784.81 | |
| 4,500.00 | 4,500.00 | |
| Total | 255,726.78 | 225,576.84 |
| 5 Other Assets | As at December 31, 2023 | As at December 31, 2022 |
| Deferred Tax Asset | 800.00 | 800.00 |
| Advance | 122,000.00 | 122,000.00 |
| Loan Issued | 942,746.00 | 825,254.00 |
| Rent Deposit | 10,503.46 | 10,503.46 |
| Total | 1,076,049.46 | 958,557.46 |
Schedules forming part of Financial Statements as on Dec 31, 2023
4. Fixed Assets
d Total- Fixed Assets
560,278.78
(in $) Gross Block Accumulated Depreciation Net Block Particulars As at As at As at As at As at As at
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the gross block value of the Ford F150 as of January 1, 2023, was $19,600. This figure represents the original cost of the vehicle before any depreciation was accounted for in Best Brains' financial statements. The gross block is a key indicator of the company's investment in tangible assets.
For a prospective Best Brains franchisee, understanding the gross block value of assets like vehicles provides insight into the capital investments made by the company. It also helps in assessing the overall financial health and asset management practices of the franchisor. Reviewing the depreciation schedule alongside the gross block can further reveal how Best Brains manages its assets over time.
It's important to note that this value reflects the company's specific assets and may not directly translate to the investments a franchisee would need to make. However, it offers a benchmark for understanding the scale and nature of investments Best Brains makes in its corporate operations.