What were the auto expenses for Canine Dimensions in 2023?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 3 Summary of Significant Accounting Policies (continued):
Fixed Assets
The Company capitalizes assets that have a useful life beyond one year. Fixed assets consist of an automobile that is recorded at cost and depreciated using primarily the straight line method over five years.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Canine Dimensions include details about fixed assets and their depreciation. The company capitalizes assets with a useful life exceeding one year, with fixed assets consisting of an automobile recorded at cost and depreciated using the straight-line method over five years.
However, the provided excerpts do not explicitly state the exact amount of auto expenses incurred by Canine Dimensions in 2023. While the FDD mentions that the company owns an automobile and depreciates it, the specific expense amount related to its use is not disclosed in this section.
A prospective franchisee should inquire directly with Canine Dimensions about the specific auto expenses for 2023 to gain a clearer understanding of these costs. This information would be helpful in estimating the potential operating expenses of a Canine Dimensions franchise.