What was the depreciation expense for Itan for the year ended December 31, 2023?

According to Itan's 2025 Franchise Disclosure Document, the depreciation expense for the year ended December 31, 2023, was $443. Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful life. For Itan, this expense reflects the reduction in value of its assets, such as equipment or vehicles, over the course of the year.

This figure is important for prospective franchisees to understand because it provides insight into Itan's financial management and profitability. Lower depreciation expenses might suggest newer assets or conservative accounting practices, while higher expenses could indicate older assets that may require replacement soon. Understanding these expenses helps franchisees assess the overall financial health and stability of Itan.

Furthermore, the FDD also lists the depreciation expense for the year ended December 31, 2022, which was $1,543. Comparing these figures over multiple years can reveal trends in Itan's asset management and investment strategies. A significant change in depreciation expense from one year to the next may warrant further investigation to understand the underlying reasons and potential implications for the franchise's financial performance.