What was the accumulated depreciation deducted from Craters & Freighters' Property and Equipment as of December 31, 2023?

According to Craters & Freighters' 2025 Franchise Disclosure Document, as of December 31, 2023, the accumulated depreciation deducted from the company's property and equipment was $133,628. This figure represents the total depreciation recorded against the cost of Craters & Freighters' assets, reducing their net book value. The assets include office equipment, furniture and fixtures, leasehold improvements, and vehicles.

Specifically, the breakdown of accumulated depreciation across different asset categories shows that office equipment had accumulated depreciation of $80,613, furniture and fixtures also had accumulated depreciation of $19,863, and leasehold improvements had accumulated depreciation of $11,415, fully depreciating these assets to a net book value of zero. Vehicles had accumulated depreciation of $21,737, resulting in a net book value of $180,951.

For a prospective Craters & Freighters franchisee, understanding accumulated depreciation is crucial for assessing the net value of the franchisor's assets and evaluating the financial health of the company. It's also important to note that depreciation methods and useful lives of assets can impact these figures, as detailed in the summary of significant accounting policies. Reviewing these figures in the context of the full financial statements provides a more complete picture of Craters & Freighters' financial position.