What was the depreciation expense for City Wide before eliminating entries in 2024?

According to City Wide's 2025 Franchise Disclosure Document, the depreciation expense for the year 2024 was $999,912. This figure represents the amount of expense recognized due to the reduction in the value of City Wide's assets, such as property and equipment, over time. Depreciation is a non-cash expense, meaning it does not involve an actual outflow of cash, but it reflects the consumption or use of assets in generating revenue.

For a prospective City Wide franchisee, understanding depreciation expense is important for assessing the company's profitability and financial health. While the franchisee won't directly incur this specific expense, it provides insight into how City Wide manages its assets and reports its financial performance. This information can be useful in evaluating the overall stability and potential of the franchise system.

It's worth noting that this depreciation expense is part of the consolidated financial statements, reflecting the overall performance of City Wide and its subsidiaries. Franchisees should review the complete financial statements and notes to gain a comprehensive understanding of the company's financial position and results of operations. Additionally, comparing depreciation expense over the three years presented (2022, 2023, and 2024) can reveal trends in asset management and investment within the City Wide franchise system.