What was the total amount of accumulated depreciation for Christian Brothers Automotive's leased properties in 2023?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
00, respectively.
Leased Properties
Properties leased to franchisees are presented at cost. The cost of ordinary maintenance and repairs is charged to operations, while renewals and replacements are capitalized. Depreciation is computed at rates sufficient to amortize the cost of the assets over their estimated useful lives using the straight-line method. The estimated useful life for building and improvements depreciation is 39 years.
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the information required to calculate the total amount of accumulated depreciation for Christian Brothers Automotive's leased properties in 2023 is not explicitly provided. While the document discusses the depreciation methods used for leased properties, it does not state the specific accumulated depreciation amount for that year..
Specifically, the FDD mentions that properties leased to franchisees are presented at cost and that depreciation is computed using the straight-line method over the estimated useful lives of the assets. For buildings and improvements, the estimated useful life for depreciation is 39 years. Leasehold improvements are depreciated over the shorter of the lease term or the estimated useful life.
To obtain the specific figure for accumulated depreciation of leased properties in 2023, a prospective franchisee should directly request this information from Christian Brothers Automotive. Understanding this figure is crucial for assessing the financial health and asset management strategies of the company.