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What was the depreciation and amortization amount for Bevaris Alliance in 2022?

Bevaris_Alliance Franchise · 2024 FDD

Answer from 2024 FDD Document

STATEMENTS DECEMBER 31, 2023 AND 2022

4. DEFERRED FRANCHISE DEVELOPMENT C

Source: Item 23 — RECEIPT (FDD pages 22–88)

What This Means (2024 FDD)

According to Bevaris Alliance's 2024 Franchise Disclosure Document, the amortization expense for 2022 was $6,107. This figure represents the expense recognized for the consumption of intangible assets over their useful life during that year. Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives, reflecting the gradual decline in value of these assets.

For a prospective franchisee, understanding the amortization expense is crucial for assessing the financial health and stability of Bevaris Alliance. It provides insight into how the company manages its assets and accounts for their depreciation over time. A consistent and reasonable amortization expense indicates sound financial management and accurate reporting of the company's financial performance.

It's important to note that this figure only reflects amortization expense. While the table in Item 23 includes a line for 'Depreciation and amortization', the $6,107 figure specifically refers to amortization expense. Reviewing the complete financial statements, which are to be attached as Exhibit B, would provide a more comprehensive understanding of all depreciation and amortization expenses for Bevaris Alliance.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.