What was the Itan depreciation expense in 2024?

According to Itan's 2025 Franchise Disclosure Document, the depreciation expense for the year ending December 31, 2024, was $17,927. Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful life. For Itan, this figure represents the portion of the cost of its assets (such as equipment and furniture) that was recognized as an expense in 2024.

For a prospective Itan franchisee, understanding depreciation expense is important for assessing the company's financial performance. It provides insight into how Itan manages its assets and how these assets contribute to revenue generation. A higher depreciation expense might indicate significant investments in assets, while a lower expense could suggest older assets or a different accounting approach.

It is also useful to compare the depreciation expense between different periods. In 2023, Itan's depreciation expense was only $443, a significant difference from the $17,927 reported in 2024. This increase could be due to the purchase of new assets or changes in depreciation methods. A potential franchisee should inquire about the reasons for this change to gain a clearer understanding of Itan's financial decisions and future capital expenditure plans.