What was the carrying amount of Goodwill for Corcoran in 2029?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
fair value was recorded in the Consolidated Statements of Operations. For the year ended December 31, 2022, the Company recognized a gain of $40 million from interest rate swap contracts, which was recorded in "Interest expense, net" line in the accompanying Consolidated Statements of Operations.
PROPERTY AND EQUIPMENT
Property and equipment (including leasehold improvements) are initially recorded at cost, net of accumulated depreciati
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, it is not possible to determine the carrying amount of Goodwill for Corcoran in 2029. While the FDD includes information about goodwill impairment assessments and amortization expenses, it does not project or disclose the specific carrying amount of goodwill for future years such as 2029. The document provides details on how goodwill is calculated and assessed for impairment, but it does not offer forward-looking figures for goodwill carrying amounts.
Specifically, the FDD discusses goodwill impairment assessments performed in 2022 and 2024, and the related accounting policies. It also mentions amortization expenses expected in the years leading up to 2029. However, these are distinct from the carrying amount of goodwill itself. The FDD provides the net carrying value of software developed or obtained for internal use which was $127 million at December 31, 2024.
To get an estimate of what the carrying amount of goodwill might be in 2029, a prospective franchisee should ask Corcoran for any internal projections or financial forecasts that might include this information. Understanding the factors that could influence goodwill, such as future acquisitions, market conditions, and impairment risks, would also be beneficial. Since the FDD does not provide this specific data, direct inquiry to the franchisor is necessary.