--- title: Calculate depreciation and book value of equipment description: Know the expense cost and loss of value of your equipment at all times. --- [Skip to content](https://knowledge.cheqroom.com/helpcenter/calculate-depreciation-and-book-value-of-equipment#main-content) [![horizontal-black-3.png\]](https://knowledge.cheqroom.com/hs-fs/hubfs/horizontal-black-3.png?width=200&height=37&name=horizontal-black-3.png)](https://knowledge.cheqroom.com/helpcenter?hsLang=en) Open main navigation Close main navigation - [Go to cheqroom.com](https://www.cheqroom.com/) [Go to cheqroom.com](https://www.cheqroom.com/) Hi. How can we help? - There are no suggestions because the search field is empty. 1. [Help Center](https://knowledge.cheqroom.com/helpcenter?hsLang=en) 2. [Reporting & Documents](https://knowledge.cheqroom.com/helpcenter/reporting-documents?hsLang=en) 3. [Reports](https://knowledge.cheqroom.com/helpcenter/reporting-documents?hsLang=en#reports) June 29, 2026 # Calculate depreciation and book value of equipment ## Know the expense cost and loss of value of your equipment at all times. Want to stay on top of your equipment's book value? Cheqroom's Depreciation add-on helps you to do just that! - Click **Settings** in the bottom left corner of your screen - Click **Add-ons** - Scroll down to **Depreciation** - Make sure it's activated [![](https://knowledge.cheqroom.com/hubfs/Knowledge%20Base%20Import/downloads.intercomcdn.comio86857416190b1249c6dabc855156b40bimage-2.png)](https://downloads.intercomcdn.com/i/o/86857416/190b1249c6dabc855156b40b/image.png?expires=1739284200&signature=649e5a28d8a18c99403ce250adbf2906e024965be11cde51d134e129275060c9&req=fCYvE856nIcTWLcX3D%2B5hsU%2B09fDTFeRsyiL6glcS9K0JLhM1yIPBsMdQl6c%0AeU3Q4AgIj37mb6mx%0A) ### Changing your Depreciation settings - Click **Settings** in the bottom left corner of your screen - Click **Add-ons** - Scroll down to **Depreciation** and click **Settings** - Choose the depreciation Method and fill in the estimated lifespan - Don't forget to click **Save** when you're done. [![](https://knowledge.cheqroom.com/hubfs/Knowledge%20Base%20Import/downloads.intercomcdn.comio552832809d8aa213d75e3a0e39dacc5bScreen+Shot+2018-04-11+at+14.29.27-2.png)](https://downloads.intercomcdn.com/i/o/55283280/9d8aa213d75e3a0e39dacc5b/Screen+Shot+2018-04-11+at+14.29.27.png?expires=1739284200&signature=f5b0469a1af7302128c1311eafc5d47dde7f0615573e15d59e1af36c57e654df&req=cSUlHsp8lYETWLcX3D%2B5hnlB3J2aGveplt5XtSe8dEHeR9wycNbFpnGg%2Bmv2%0AeXal9oiF6vjD%2F2J4%0A) ### Adding items' purchase info - Click **Items**, next click on one item - Click **Depreciation** - Fill in the item's purchase price and it's purchase date - Fill in the item's residual value - The item's Book value will automatically be created. - Scroll down to find a graph of the book value and a detailed report of the depreciation. The depreciation value is updated once a day. 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