According to Deka Lash's 2024 Franchise Disclosure Document, the depreciation expense for the years ending December 31, 2023, 2022, and 2021, was $17,948, $13,439, and $19,608, respectively. This indicates that in 2022, Deka Lash's depreciation expense was $13,439.

Depreciation expense represents the reduction in value of an asset over time, typically property and equipment. For a Deka Lash franchisee, understanding depreciation is important for financial planning and tax purposes. It affects the franchisee's net income and taxable income, and can be used to offset profits, potentially lowering tax liabilities.

The FDD also states that Deka Lash calculates depreciation using the straight-line method over the assets' estimated useful lives, which range from five to seven years. This method evenly distributes the cost of an asset over its useful life. The company reviews these estimates periodically and makes changes prospectively when appropriate.

Furthermore, the FDD notes that Deka Lash expenses costs of maintenance and repairs that do not improve or extend the useful lives of the respective assets. This means that only significant improvements are capitalized and depreciated, while regular upkeep is treated as an immediate expense.