What is the estimated useful life for Canopy Lawn Care's internally developed software?

According to Canopy Lawn Care's 2025 Franchise Disclosure Document, the estimated useful life for its internally developed software is 5 years. This means that Canopy Lawn Care amortizes the cost of its internally developed software over a five-year period for accounting purposes.

For a prospective franchisee, this indicates that Canopy Lawn Care invests in software development and considers it a valuable asset with a limited lifespan. The company amortizes the value of internally developed software on a straight-line basis over its useful life.

This amortization approach allows Canopy Lawn Care to systematically allocate the cost of the software over the period it is expected to generate revenue or provide benefits. The FDD also states that the company periodically evaluates whether changes have occurred that would require revision of the remaining estimated useful life of the internally developed software.