What was the accumulated depreciation and amortization for Cd One Price Cleaners in 2022?

According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the accumulated depreciation and amortization was $5,860 in 2022. This figure reflects the total depreciation recorded against the company's assets, such as office furniture, computer equipment, and leasehold improvements, up to the end of the 2022 fiscal year. Depreciation is an accounting method of allocating the cost of an asset over its useful life, while amortization is similar but applies to intangible assets.

For a prospective Cd One Price Cleaners franchisee, understanding accumulated depreciation and amortization is important for assessing the financial health and asset management practices of the franchisor. It provides insight into how the franchisor values its assets and manages expenses related to the wear and tear or obsolescence of those assets. A higher accumulated depreciation might indicate older assets or more aggressive depreciation policies, while a lower figure could suggest newer assets or more conservative accounting practices.

It's important to note that this figure represents the accumulated depreciation and amortization for the franchisor, Cleaners Depot Franchise, LLC, and not the depreciation of assets owned by individual franchisees. Franchisees will have their own depreciation schedules for the assets they own within their respective businesses. Reviewing the franchisor's financial statements, including the accumulated depreciation and amortization, helps potential franchisees evaluate the overall financial stability of Cd One Price Cleaners.