For Focalpoint Coaching, what is the estimated useful life range for furniture, fixtures, and equipment when calculating depreciation?

According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the estimated useful life for furniture, fixtures, and equipment is between 3 and 10 years. This range is used to calculate depreciation, which is an accounting method to allocate the cost of an asset over its useful life.

For a prospective Focalpoint Coaching franchisee, this means that the initial investment in furniture, fixtures, and equipment will be depreciated over a 3 to 10-year period for accounting and tax purposes. The specific depreciation method used (e.g., straight-line, accelerated) can impact the annual depreciation expense. A shorter useful life will result in higher annual depreciation expense, while a longer useful life will result in lower annual depreciation expense.

Understanding the depreciation schedule is important for financial planning and tax management. Franchisees should consult with a financial advisor or accountant to determine the most appropriate depreciation method and useful life for their specific circumstances, as this can affect their profitability and tax liabilities. This information is typically used by accountants to properly record and handle the depreciation of assets for Focalpoint Coaching franchisees.