What was the net value of Expense Reduction Analysts' internal-use software in 2024?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Computers and Equipment | $ 20,332 | $ 18,030 |
| Furniture and Fixtures | 8,572 | 15,718 |
| Leasehold Improvements | 4,882 | - |
| Software | ||
| 10,659 | - | |
| Total Property and Equipment | ||
| 44,445 | 33,748 | |
| Less: Accumulated Depreciation | ||
| (14,167) | (14,978) | |
| Property and Equipment - Net | $ 30,278 | $ 18,770 |
NOTE 4 INTERNAL-USE SOFTWARE
Internal-Use Software is amortized on a straight-line basis over the estimated useful lives of the asset of 10 years. Software development costs of $46,350 and $35,430 were capitali
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the net value of internal-use software is not explicitly stated for 2024. However, the document mentions that software development costs of $46,350 were capitalized and included in Internal-Use Software on the balance sheets for the year ended December 31, 2024. Additionally, depreciation expense of $15,982 was charged to operations in the year ending December 31, 2024.
To determine the net value, one would need to subtract the accumulated depreciation from the capitalized costs. The FDD does not provide the accumulated depreciation figure. Without this figure, it is impossible to calculate the net value of the internal-use software for 2024 based on the information provided.
A prospective Expense Reduction Analysts franchisee should ask the franchisor for the specific net value of the internal-use software for 2024, as well as a detailed breakdown of the accumulated depreciation. This information is crucial for understanding the company's asset valuation and financial health.