How to Track Equipment Depreciation

If you want to include equipment depreciation in your product costs, you need to add your equipment as a resource in Controlata.

Adding a Resource

1. Go to the “Resources” section and click “Add” to add your equipment

2. Toggle on “Depreciate this resource”

3. Enter the initial cost of the resource (the total purchase price)

Useful Life

Enter the useful life of the resource. You can find this in the equipment documentation, or use your own estimate.

Important! Specify the actual operating time, not calendar time.

For example, if you expect the equipment to last 2 years, but it will only be in operation for 2000 hours during that period, enter 2000 hours here, not 2 years.

Adding the Resource to a Product

After adding the equipment to the “Resources” section:

1. Go to the product you want to update

2. Edit the product and open the “Resources” tab

3. Add the appropriate resource

4. Save the changes

Now when you manufacture this product, Controlata will account for equipment depreciation until the equipment is fully depreciated.

For more details on how depreciation works, see our related article.