Amazingly, the current depreciation overestimates the retained value of GPUs.

In 2023, the depreciation schedule for H100s was 2 years, but they are still oversubscribed and generating signficant income.

Coreweve has upped their depreciation for GPUs to 6 years(!) now, which seems more realistic.

https://www.silicondata.com/blog/h100-rental-price-over-time