What was the amount of computer equipment for Caring Transitions in 2023?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Property and equipment: | |||
| Computer equipment | 30,428 | 30,428 | 30,428 |
| Accumulated depreciation | (367,508) | (253,387) | (144,122) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the company's computer equipment totaled $30,428 in 2023. This figure reflects the original cost of the computer equipment owned by C.T. Franchising Systems, Inc.
For a prospective franchisee, this number provides insight into the level of investment Caring Transitions itself has made in computer equipment to run its operations. It is important to note that this figure represents the franchisor's investment, not the potential technology expenses a new franchisee might incur.
It's also worth noting that the accumulated depreciation on property and equipment was ($253,387) in 2023. While this includes depreciation on all property and equipment, not just computer equipment, it indicates that the value of these assets is being reduced over time, which is a standard accounting practice.