diff --git a/app/Http/Controllers/SettingsController.php b/app/Http/Controllers/SettingsController.php
index 798d866983..90391a23f8 100755
--- a/app/Http/Controllers/SettingsController.php
+++ b/app/Http/Controllers/SettingsController.php
@@ -351,6 +351,8 @@ class SettingsController extends Controller
         $setting->thumbnail_max_h = $request->input('thumbnail_max_h');
         $setting->privacy_policy_link = $request->input('privacy_policy_link');
 
+        $setting->depreciation_method = $request->input('depreciation_method');
+
         if (Input::get('per_page')!='') {
             $setting->per_page = $request->input('per_page');
         } else {
diff --git a/database/migrations/2018_08_20_204842_add_depreciation_option_to_settings.php b/database/migrations/2018_08_20_204842_add_depreciation_option_to_settings.php
new file mode 100644
index 0000000000..7678c45d56
--- /dev/null
+++ b/database/migrations/2018_08_20_204842_add_depreciation_option_to_settings.php
@@ -0,0 +1,32 @@
+<?php
+
+use Illuminate\Support\Facades\Schema;
+use Illuminate\Database\Schema\Blueprint;
+use Illuminate\Database\Migrations\Migration;
+
+class AddDepreciationOptionToSettings extends Migration
+{
+    /**
+     * Run the migrations.
+     *
+     * @return void
+     */
+    public function up()
+    {
+        Schema::table('settings', function (Blueprint $table) {
+            $table->char('depreciation_method', 10)->nullable()->default('default');
+        });
+    }
+
+    /**
+     * Reverse the migrations.
+     *
+     * @return void
+     */
+    public function down()
+    {
+        Schema::table('settings', function (Blueprint $table) {
+            $table->dropColumn('depreciation_method');
+        });
+    }
+}
diff --git a/resources/views/settings/general.blade.php b/resources/views/settings/general.blade.php
index 41fe09ea59..af93a7c8ec 100644
--- a/resources/views/settings/general.blade.php
+++ b/resources/views/settings/general.blade.php
@@ -281,6 +281,20 @@
                                {{ Form::checkbox('show_in_model_list[]', 'model_number', Input::old('show_in_model_list', $snipeSettings->modellistCheckedValue('model_number')),array('class' => 'minimal')) }} {{ trans('general.model_no') }}<br>
                            </div>
                        </div>
+                       
+                       <!-- Depreciation method -->
+                       <div class="form-group {{ $errors->has('depreciation_method') ? 'error' : '' }}">
+                           <div class="col-md-3">
+                                {{ Form::label('depreciation_method', trans('Depreciation method')) }}
+                           </div>
+                           <div class="col-md-9">
+                               {{ Form::select('depreciation_method', array(
+                                    'default' => 'Linear (default)', 
+                                    'half_1' => 'Half-year convention, always applied', 
+                                    'half_2' => 'Half-year convention, applied with condition', 
+                                ), Input::old('username_format', $setting->depreciation_method)) }}
+                           </div>
+                       </div>
                        <!-- /.form-group -->
 
                        <!-- Privacy Policy Footer-->