What was the 'Der' amount for Fast Fix Jewelry And Watch Repairs in 2024?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
amortization is estimated to be approximately $58,000 in 2025.
Note 7. Income Taxes
The components of the income tax expense are as follows for the years ended December 31:
| | 2024 | _ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, the deferred expense ('Der') for 2024 was $22,786. This information is derived from the consolidated financial statements.
Understanding deferred expenses is crucial for potential franchisees as it reflects costs that have been paid for but not yet recognized as an expense on the income statement. These expenses are expected to provide future economic benefits to Fast Fix Jewelry And Watch Repairs.
For a franchisee, this indicates the timing of expense recognition can differ from when the cash outflow actually occurs. Reviewing these figures helps in assessing the company's financial health and how it manages its expenses over time. It is important to consider these figures in conjunction with other financial data to gain a comprehensive understanding of Fast Fix Jewelry And Watch Repairs's financial performance.