According to My Salon Suite's 2025 Franchise Disclosure Document, the accumulated depreciation deducted from the company's fixed assets in 2023 was $6,593,875. This figure reflects the total depreciation recognized on My Salon Suite's assets, such as furniture, equipment, internally developed software, and leasehold improvements, up to December 31, 2023. The net value of fixed assets, after deducting this accumulated depreciation, was $12,961,306.

Depreciation is an accounting method used to allocate the cost of tangible assets over their useful lives. For My Salon Suite, furniture, equipment, and software are depreciated over three to five years, while leasehold improvements are amortized over the shorter of the lease term or the asset's useful life. This depreciation expense reflects the wear and tear or obsolescence of these assets over time. The depreciation expense for 2023 alone was $4,536,793, as detailed elsewhere in the document, but the accumulated depreciation represents the total depreciation from the time the assets were acquired until the end of 2023.

For a prospective franchisee, understanding these figures is crucial for assessing the financial health and capital expenditure requirements of My Salon Suite. While the franchisee will not directly inherit these specific depreciated assets, it provides insight into the types of assets required to operate the business and their expected lifecycles. This information can help franchisees plan for future capital expenditures and understand the ongoing investment needed to maintain and update their My Salon Suite location.