What was the depreciation and amortization amount for Cr3 American Exteriors in 2022?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
| Equity at July 12, 2022 | $ - |
|---|---|
| Capital Contributions | 51,411 |
| Net Loss | (46,591) |
| Equity at December 31, 2022 | $ 4,820 |
| Equity at January 1, 2023 | $ 4,820 |
| Capital Contributions | 28,589 |
| Net Loss | (14,538) |
| Equity at December 31, 2023 | $ 18,871 |
| Equity at January 1, 2024 | $ 18,871 |
| Capital Contributions | 30,000 |
| Net Loss | 89,667 |
| Equity at December 31, 2024 | $ 138,538 |
Statements of Cash Flows For The
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors's 2025 Franchise Disclosure Document, the depreciation and amortization expense for the company in 2022 was $29.
Depreciation and amortization are accounting methods used to allocate the cost of assets over their useful lives. Depreciation is used for tangible assets like equipment, while amortization is used for intangible assets like trademarks. These expenses reflect the reduction in value of these assets over time.
For a prospective Cr3 American Exteriors franchisee, this figure provides insight into the company's accounting practices and how it manages its assets. While a relatively small number, it's important to consider this figure in the context of the company's overall financial performance and asset base. Understanding these expenses can help a franchisee better assess the financial health and stability of Cr3 American Exteriors.