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

According to Stretch Zone's 2025 Franchise Disclosure Document, the depreciation expense for the years ended December 31, 2024 and 2023 amounted to $5,886 and $6,977, respectively. This indicates that the depreciation expense for Stretch Zone for the year ended December 31, 2023, was $6,977.

Depreciation expense is a common accounting practice that reflects the reduction in value of an asset over time due to wear and tear, obsolescence, or other factors. For a Stretch Zone franchisee, this figure is important because it impacts the overall profitability and tax obligations of the business. Higher depreciation expenses can reduce taxable income, which can be a benefit.

It's worth noting that depreciation methods and expenses can vary depending on the types of assets a Stretch Zone location owns (e.g., equipment, furniture) and the accounting methods used. Reviewing these figures over multiple years, as presented in the FDD, can provide a more comprehensive understanding of how Stretch Zone manages its assets and reports its financial performance.