What was the net property and equipment value for Expense Reduction Analysts in 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
ase components and instead accounts for each separate lease component and the nonlease component as a single lease component.
NOTE 3 PROPERTY AND EQUIPMENT
Property and equipment consisted of the following at December 31:
| 2024 | 2023 | |
|---|---|---|
| Computers and Equipment | $ 20,332 | $ 18,030 |
| Furniture and Fixtures | 8,572 | 15,7 |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the net property and equipment value for the company in 2024 was $30,278. This figure represents the total property and equipment owned by Expense Reduction Analysts, less accumulated depreciation. In 2023, the net property and equipment was valued at $18,770.
The total property and equipment before depreciation in 2024 was $44,445, compared to $33,748 in the previous year. This total includes computers and equipment, furniture and fixtures, leasehold improvements, and software. The accumulated depreciation was ($14,167) in 2024 and ($14,978) in 2023.
For a prospective franchisee, these figures provide insight into the tangible assets held by Expense Reduction Analysts and how they have changed year over year. An increase in net property and equipment may indicate investment in the company's infrastructure, while the depreciation figures reflect the wear and tear of these assets over time. Reviewing these values can help a franchisee assess the financial health and investment strategies of Expense Reduction Analysts.