What was the total value of Itan's computers, equipment, furniture, and vehicles before accumulated depreciation in 2023?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
s using presently enacted tax rates.
The Company follows accounting standards which clarify the accounting for uncertainty in income taxes recognized in the financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax po
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the total value of the company's computers, equipment, furniture, and vehicles before accumulated depreciation in 2023 was $126,481. This figure represents the original cost of these assets before accounting for any reduction in value due to wear and tear or obsolescence. These assets are essential for Itan's operations, and their values reflect the company's investment in its infrastructure.
For a prospective franchisee, this information provides insight into the capital-intensive nature of the business. The franchisee should consider the age and condition of these assets, as they may require future replacement or upgrades. Understanding the depreciation schedule and the remaining useful life of these assets is crucial for financial planning.
It's important to note that this figure does not reflect the current market value of these assets, but rather their original cost. The accumulated depreciation, which is listed separately, provides a clearer picture of the assets' net book value. Reviewing the notes to the financial statements for additional details on the company's accounting policies and asset management practices is advisable for any potential investor.