diff --git a/app/controllers/admin/AssetsController.php b/app/controllers/admin/AssetsController.php
index 1f6d182e20..ea4b731d3b 100644
--- a/app/controllers/admin/AssetsController.php
+++ b/app/controllers/admin/AssetsController.php
@@ -7,6 +7,7 @@ use Asset;
 use Redirect;
 use DB;
 use Model;
+use Depreciation;
 use Sentry;
 use Str;
 use Validator;
@@ -39,7 +40,8 @@ class AssetsController extends AdminController {
 	{
 		// Grab the dropdown list of models
 		$model_list = array('0' => 'Select') + Model::lists('name', 'id');
-		return View::make('backend/assets/create')->with('model_list',$model_list);
+		$depreciation_list = array('' => 'Do Not Depreciate') + Depreciation::lists('name', 'id');
+		return View::make('backend/assets/create')->with('model_list',$model_list)->with('depreciation_list',$depreciation_list);
 
 	}
 
@@ -77,11 +79,11 @@ class AssetsController extends AdminController {
 		$asset->name            		= e(Input::get('name'));
 		$asset->serial            		= e(Input::get('serial'));
 		$asset->model_id           		= e(Input::get('model_id'));
-		$asset->purchase_date            = e(Input::get('purchase_date'));
-		$asset->purchase_cost            = e(Input::get('purchase_cost'));
+		$asset->purchase_date           = e(Input::get('purchase_date'));
+		$asset->purchase_cost           = e(Input::get('purchase_cost'));
 		$asset->order_number            = e(Input::get('order_number'));
 		$asset->notes            		= e(Input::get('notes'));
-		$asset->asset_tag            = e(Input::get('asset_tag'));
+		$asset->asset_tag            	= e(Input::get('asset_tag'));
 		$asset->user_id          		= Sentry::getId();
 
 
@@ -113,7 +115,8 @@ class AssetsController extends AdminController {
 
 		// Grab the dropdown list of models
 		$model_list = array('0' => 'Select') + Model::lists('name', 'id');
-		return View::make('backend/assets/edit', compact('asset'))->with('model_list',$model_list);
+		$depreciation_list = array('' => 'Do Not Depreciate') + Depreciation::lists('name', 'id');
+		return View::make('backend/assets/edit', compact('asset'))->with('model_list',$model_list)->with('depreciation_list',$depreciation_list);
 	}
 
 
@@ -154,10 +157,10 @@ class AssetsController extends AdminController {
 		$asset->name            		= e(Input::get('name'));
 		$asset->serial            		= e(Input::get('serial'));
 		$asset->model_id           		= e(Input::get('model_id'));
-		$asset->purchase_date            = e(Input::get('purchase_date'));
-		$asset->purchase_cost            = e(Input::get('purchase_cost'));
+		$asset->purchase_date           = e(Input::get('purchase_date'));
+		$asset->purchase_cost           = e(Input::get('purchase_cost'));
 		$asset->order_number            = e(Input::get('order_number'));
-		$asset->asset_tag            = e(Input::get('asset_tag'));
+		$asset->asset_tag           	= e(Input::get('asset_tag'));
 		$asset->notes            		= e(Input::get('notes'));
 
 
diff --git a/app/controllers/admin/DepreciationsController.php b/app/controllers/admin/DepreciationsController.php
new file mode 100644
index 0000000000..3107922a5a
--- /dev/null
+++ b/app/controllers/admin/DepreciationsController.php
@@ -0,0 +1,178 @@
+<?php namespace Controllers\Admin;
+
+use AdminController;
+use Input;
+use Lang;
+use Depreciation;
+use Redirect;
+use DB;
+use Sentry;
+use Str;
+use Validator;
+use View;
+
+class DepreciationsController extends AdminController {
+
+	/**
+	 * Show a list of all the depreciations.
+	 *
+	 * @return View
+	 */
+
+	public function getIndex()
+	{
+		// Grab all the depreciations
+		$depreciations = Depreciation::orderBy('created_at', 'DESC')->paginate(10);
+
+		// Show the page
+		return View::make('backend/depreciations/index', compact('depreciations'));
+	}
+
+
+	/**
+	 * Depreciation create.
+	 *
+	 * @return View
+	 */
+	public function getCreate()
+	{
+		// Show the page
+		$depreciation_options = array('0' => 'Top Level') + Depreciation::lists('name', 'id');
+		return View::make('backend/depreciations/create')->with('depreciation_options',$depreciation_options);
+	}
+
+
+	/**
+	 * Depreciation create form processing.
+	 *
+	 * @return Redirect
+	 */
+	public function postCreate()
+	{
+		// Declare the rules for the form validation
+		$rules = array(
+			'name'   => 'required|min:3',
+		);
+
+		// Create a new validator instance from our validation rules
+		$validator = Validator::make(Input::all(), $rules);
+
+		// If validation fails, we'll exit the operation now.
+		if ($validator->fails())
+		{
+			// Ooops.. something went wrong
+			return Redirect::back()->withInput()->withErrors($validator);
+		}
+
+		// Create a new depreciation
+		$depreciation = new Depreciation;
+
+		// Update the depreciation data
+		$depreciation->name            = e(Input::get('name'));
+		$depreciation->months    = e(Input::get('months'));
+		$depreciation->user_id          = Sentry::getId();
+
+		// Was the depreciation created?
+		if($depreciation->save())
+		{
+			// Redirect to the new depreciation  page
+			return Redirect::to("admin/settings/depreciations")->with('success', Lang::get('admin/depreciations/message.create.success'));
+		}
+
+		// Redirect to the depreciation create page
+		return Redirect::to('admin/settings/depreciations/create')->with('error', Lang::get('admin/depreciations/message.create.error'));
+	}
+
+	/**
+	 * Depreciation update.
+	 *
+	 * @param  int  $depreciationId
+	 * @return View
+	 */
+	public function getEdit($depreciationId = null)
+	{
+		// Check if the depreciation exists
+		if (is_null($depreciation = Depreciation::find($depreciationId)))
+		{
+			// Redirect to the blogs management page
+			return Redirect::to('admin/settings/depreciations')->with('error', Lang::get('admin/depreciations/message.does_not_exist'));
+		}
+
+		// Show the page
+		//$depreciation_options = array('' => 'Top Level') + Depreciation::lists('name', 'id');
+
+		$depreciation_options = array('' => 'Top Level') + DB::table('depreciations')->where('id', '!=', $depreciationId)->lists('name', 'id');
+		return View::make('backend/depreciations/edit', compact('depreciation'))->with('depreciation_options',$depreciation_options);
+	}
+
+
+	/**
+	 * Depreciation update form processing page.
+	 *
+	 * @param  int  $depreciationId
+	 * @return Redirect
+	 */
+	public function postEdit($depreciationId = null)
+	{
+		// Check if the blog post exists
+		if (is_null($depreciation = Depreciation::find($depreciationId)))
+		{
+			// Redirect to the blogs management page
+			return Redirect::to('admin/settings/depreciations')->with('error', Lang::get('admin/depreciations/message.does_not_exist'));
+		}
+
+		// Declare the rules for the form validation
+		$rules = array(
+			'name'   => 'required|min:3',
+		);
+
+		// Create a new validator instance from our validation rules
+		$validator = Validator::make(Input::all(), $rules);
+
+		// If validation fails, we'll exit the operation now.
+		if ($validator->fails())
+		{
+			// Ooops.. something went wrong
+			return Redirect::back()->withInput()->withErrors($validator);
+		}
+
+		// Update the depreciation data
+		$depreciation->name            = e(Input::get('name'));
+		$depreciation->months    = e(Input::get('months'));
+
+		// Was the depreciation updated?
+		if($depreciation->save())
+		{
+			// Redirect to the new depreciation page
+			return Redirect::to("admin/settings/depreciations/$depreciationId/edit")->with('success', Lang::get('admin/depreciations/message.update.success'));
+		}
+
+		// Redirect to the depreciation management page
+		return Redirect::to("admin/settings/depreciations/$depreciationID/edit")->with('error', Lang::get('admin/depreciations/message.update.error'));
+	}
+
+	/**
+	 * Delete the given depreciation.
+	 *
+	 * @param  int  $depreciationId
+	 * @return Redirect
+	 */
+	public function getDelete($depreciationId)
+	{
+		// Check if the blog post exists
+		if (is_null($depreciation = Depreciation::find($depreciationId)))
+		{
+			// Redirect to the blogs management page
+			return Redirect::to('admin/settings/depreciations')->with('error', Lang::get('admin/depreciations/message.not_found'));
+		}
+
+		// Delete the blog post
+		$depreciation->delete();
+
+		// Redirect to the blog posts management page
+		return Redirect::to('admin/settings/depreciations')->with('success', Lang::get('admin/depreciations/message.delete.success'));
+	}
+
+
+
+}
diff --git a/app/database/migrations/2013_11_15_190357_create_licenses_table.php b/app/database/migrations/2013_11_15_190357_create_licenses_table.php
index 5e6512603f..78fd9e3591 100644
--- a/app/database/migrations/2013_11_15_190357_create_licenses_table.php
+++ b/app/database/migrations/2013_11_15_190357_create_licenses_table.php
@@ -18,6 +18,7 @@ class CreateLicensesTable extends Migration {
 		$table->integer('model_id');
 		$table->string('serial');
 		$table->string('license_email');
+		$table->string('license_name');
 		$table->date('purchase_date')->nullable();
 		$table->decimal('purchase_cost', 8, 2)->nullable();
 		$table->string('order_number');
diff --git a/app/database/migrations/2013_11_15_201848_add_license_name_to_licenses.php b/app/database/migrations/2013_11_15_201848_add_license_name_to_licenses.php
index f3634c1b6a..ef08878332 100644
--- a/app/database/migrations/2013_11_15_201848_add_license_name_to_licenses.php
+++ b/app/database/migrations/2013_11_15_201848_add_license_name_to_licenses.php
@@ -11,10 +11,7 @@ class AddLicenseNameToLicenses extends Migration {
 	 */
 	public function up()
 	{
-		Schema::table('licenses', function($table)
-		{
-		$table->string('license_name');
-		});
+
 	}
 
 	/**
diff --git a/app/database/migrations/2013_11_16_040323_create_depreciations_table.php b/app/database/migrations/2013_11_16_040323_create_depreciations_table.php
new file mode 100644
index 0000000000..7929242309
--- /dev/null
+++ b/app/database/migrations/2013_11_16_040323_create_depreciations_table.php
@@ -0,0 +1,35 @@
+<?php
+
+use Illuminate\Database\Migrations\Migration;
+
+class CreateDepreciationsTable extends Migration {
+
+	/**
+	 * Run the migrations.
+	 *
+	 * @return void
+	 */
+	public function up()
+	{
+		Schema::create('depreciations', function($table)
+		 {
+	        $table->increments('id');
+	        $table->string('name');
+	        $table->integer('months');
+	        $table->timestamps();
+	        $table->integer('user_id');
+	        //$table->foreign('user_id')->references('id')->on('users');
+		});
+	}
+
+	/**
+	 * Reverse the migrations.
+	 *
+	 * @return void
+	 */
+	public function down()
+	{
+		Schema::drop('depreciations');
+	}
+
+}
\ No newline at end of file
diff --git a/app/database/migrations/2013_11_16_042851_add_depreciation_id_to_models.php b/app/database/migrations/2013_11_16_042851_add_depreciation_id_to_models.php
new file mode 100644
index 0000000000..21a491494b
--- /dev/null
+++ b/app/database/migrations/2013_11_16_042851_add_depreciation_id_to_models.php
@@ -0,0 +1,30 @@
+<?php
+
+use Illuminate\Database\Migrations\Migration;
+
+class AddDepreciationIdToModels extends Migration {
+
+	/**
+	 * Run the migrations.
+	 *
+	 * @return void
+	 */
+	public function up()
+	{
+		Schema::table('models', function($table)
+		{
+			$table->integer('depreciation_id')->nullable();
+		});
+	}
+
+	/**
+	 * Reverse the migrations.
+	 *
+	 * @return void
+	 */
+	public function down()
+	{
+		//
+	}
+
+}
\ No newline at end of file
diff --git a/app/lang/en/admin/depreciations/message.php b/app/lang/en/admin/depreciations/message.php
new file mode 100755
index 0000000000..faf054b2fe
--- /dev/null
+++ b/app/lang/en/admin/depreciations/message.php
@@ -0,0 +1,22 @@
+<?php
+
+return array(
+
+	'does_not_exist' => 'Depreciation class does not exist.',
+
+	'create' => array(
+		'error'   => 'Depreciation class was not created, please try again. :(',
+		'success' => 'Depreciation class created successfully. :)'
+	),
+
+	'update' => array(
+		'error'   => 'Depreciation class was not updated, please try again',
+		'success' => 'Depreciation class updated successfully.'
+	),
+
+	'delete' => array(
+		'error'   => 'There was an issue deleting the depreciation class. Please try again.',
+		'success' => 'The depreciation class was deleted successfully.'
+	)
+
+);
diff --git a/app/lang/en/admin/depreciations/table.php b/app/lang/en/admin/depreciations/table.php
new file mode 100755
index 0000000000..4830b311bf
--- /dev/null
+++ b/app/lang/en/admin/depreciations/table.php
@@ -0,0 +1,10 @@
+<?php
+
+return array(
+
+	'id'      => 'ID',
+	'title'      => 'Name ',
+	'months'   => 'Months',
+	'term'   => 'Term',
+
+);
diff --git a/app/models/Depreciation.php b/app/models/Depreciation.php
new file mode 100644
index 0000000000..da4a7e29e1
--- /dev/null
+++ b/app/models/Depreciation.php
@@ -0,0 +1,23 @@
+<?php
+
+class Depreciation extends Eloquent {
+
+	/**
+	 * Deletes a depreciation
+	 *
+	 * @return bool
+	 */
+
+	protected $table = 'depreciations';
+
+	public function delete()
+	{
+		// Delete the depreciation
+		return parent::delete();
+	}
+
+
+
+
+
+}
diff --git a/app/routes.php b/app/routes.php
index d5798879f1..6e76c6084a 100755
--- a/app/routes.php
+++ b/app/routes.php
@@ -99,6 +99,18 @@ Route::group(array('prefix' => 'admin'), function()
 			Route::get('{categoryId}/delete', array('as' => 'delete/category', 'uses' => 'Controllers\Admin\CategoriesController@getDelete'));
 		});
 
+		# Depreciations
+		Route::group(array('prefix' => 'depreciations'), function()
+		{
+			Route::get('/', array('as' => 'depreciations', 'uses' => 'Controllers\Admin\DepreciationsController@getIndex'));
+			Route::get('create', array('as' => 'create/depreciations', 'uses' => 'Controllers\Admin\DepreciationsController@getCreate'));
+			Route::post('create', 'Controllers\Admin\DepreciationsController@postCreate');
+			Route::get('{depreciationId}/edit', array('as' => 'update/depreciations', 'uses' => 'Controllers\Admin\DepreciationsController@getEdit'));
+			Route::post('{depreciationId}/edit', 'Controllers\Admin\DepreciationsController@postEdit');
+			Route::get('{depreciationId}/delete', array('as' => 'delete/depreciations', 'uses' => 'Controllers\Admin\DepreciationsController@getDelete'));
+		});
+
+
 
 
 
diff --git a/app/views/backend/assets/create.blade.php b/app/views/backend/assets/create.blade.php
index 846920c231..a0f317c003 100755
--- a/app/views/backend/assets/create.blade.php
+++ b/app/views/backend/assets/create.blade.php
@@ -89,6 +89,15 @@ Create a New Asset  ::
 				</div>
 			</div>
 
+			<!-- Depreciation -->
+			<div class="control-group {{ $errors->has('depreciation_id') ? 'error' : '' }}">
+				<label class="control-label" for="parent">Depreciation</label>
+				<div class="controls">
+					{{ Form::select('depreciation_id', $model_list , Input::old('depreciation_id')) }}
+					{{ $errors->first('depreciation_id', '<span class="help-inline">:message</span>') }}
+				</div>
+			</div>
+
 			<!-- Notes -->
 			<div class="control-group {{ $errors->has('notes') ? 'error' : '' }}">
 				<label class="control-label" for="notes">Notes</label>
diff --git a/app/views/backend/assets/edit.blade.php b/app/views/backend/assets/edit.blade.php
index 4e4e8b7b62..d95e14e292 100755
--- a/app/views/backend/assets/edit.blade.php
+++ b/app/views/backend/assets/edit.blade.php
@@ -93,6 +93,15 @@ Asset Update ::
 				</div>
 			</div>
 
+			<!-- Depreciation -->
+			<div class="control-group {{ $errors->has('depreciation_id') ? 'error' : '' }}">
+				<label class="control-label" for="parent">Depreciation</label>
+				<div class="controls">
+					{{ Form::select('depreciation_id', $depreciation_list , Input::old('depreciation_id', $asset->depreciation_id)) }}
+					{{ $errors->first('depreciation_id', '<span class="help-inline">:message</span>') }}
+				</div>
+			</div>
+
 			<!-- Notes -->
 			<div class="control-group {{ $errors->has('notes') ? 'error' : '' }}">
 				<label class="control-label" for="notes">Notes</label>
diff --git a/app/views/backend/assets/index.blade.php b/app/views/backend/assets/index.blade.php
index 70af724983..bead16a7fb 100755
--- a/app/views/backend/assets/index.blade.php
+++ b/app/views/backend/assets/index.blade.php
@@ -23,8 +23,8 @@ Assets ::
 <table class="table table-bordered table-striped table-hover">
 	<thead>
 		<tr>
-			<th class="span4">@lang('admin/assets/table.title')</th>
 			<th class="span2">@lang('admin/assets/table.asset_tag')</th>
+			<th class="span4">@lang('admin/assets/table.title')</th>
 			<th class="span2">@lang('admin/assets/table.serial')</th>
 			<th class="span2">@lang('admin/assets/table.status')</th>
 			<th class="span2">@lang('admin/assets/table.purchase_date')</th>
@@ -36,8 +36,8 @@ Assets ::
 	<tbody>
 		@foreach ($assets as $asset)
 		<tr>
-			<td>{{ $asset->name }}</td>
 			<td>{{ $asset->asset_tag }}</td>
+			<td>{{ $asset->name }}</td>
 			<td>{{ $asset->serial }}</td>
 			<td>{{ $asset->status }}</td>
 			<td>{{ $asset->purchase_date }}</td>
diff --git a/app/views/backend/depreciations/create.blade.php b/app/views/backend/depreciations/create.blade.php
new file mode 100755
index 0000000000..12265d74d4
--- /dev/null
+++ b/app/views/backend/depreciations/create.blade.php
@@ -0,0 +1,58 @@
+@extends('backend/layouts/default')
+
+{{-- Page title --}}
+@section('title')
+Create a New Depreciation Class ::
+@parent
+@stop
+
+{{-- Page content --}}
+@section('content')
+<div class="page-header">
+	<h3>
+		Create a Depreciation Class
+
+		<div class="pull-right">
+			<a href="{{ route('depreciations') }}" class="btn btn-small btn-inverse"><i class="icon-circle-arrow-left icon-white"></i> Back</a>
+		</div>
+	</h3>
+</div>
+
+
+<form class="form-horizontal" method="post" action="" autocomplete="off">
+	<!-- CSRF Token -->
+	<input type="hidden" name="_token" value="{{ csrf_token() }}" />
+
+	<!-- Tabs Content -->
+	<div class="tab-content">
+
+		<div class="tab-pane active" id="tab-general">
+			<!-- Class Title -->
+			<div class="control-group {{ $errors->has('name') ? 'error' : '' }}">
+				<label class="control-label" for="name">Depreciation Class Name</label>
+				<div class="controls">
+					<input class="span6" type="text" name="name" id="name" value="{{ Input::old('name') }}" />
+					{{ $errors->first('name', '<span class="help-inline">:message</span>') }}
+				</div>
+			</div>
+			<!-- Months -->
+			<div class="control-group {{ $errors->has('months') ? 'error' : '' }}">
+				<label class="control-label" for="name">Number of Months</label>
+				<div class="controls">
+					<input class="span6" type="text" name="months" id="months" value="{{ Input::old('months') }}" />
+					{{ $errors->first('months', '<span class="help-inline">:message</span>') }}
+				</div>
+			</div>
+		</div>
+
+
+
+	<!-- Form actions -->
+	<div class="control-group">
+		<div class="controls">
+			<a class="btn btn-link" href="{{ route('depreciations') }}">Cancel</a>
+			<button type="submit" class="btn btn-success">Save</button>
+		</div>
+	</div>
+</form>
+@stop
diff --git a/app/views/backend/depreciations/edit.blade.php b/app/views/backend/depreciations/edit.blade.php
new file mode 100755
index 0000000000..4961c8f696
--- /dev/null
+++ b/app/views/backend/depreciations/edit.blade.php
@@ -0,0 +1,60 @@
+@extends('backend/layouts/default')
+
+{{-- Page title --}}
+@section('title')
+Update Depreciation Class ::
+@parent
+@stop
+
+{{-- Page content --}}
+@section('content')
+<div class="page-header">
+	<h3>
+		Update Depreciation Class
+
+		<div class="pull-right">
+			<a href="{{ route('depreciations') }}" class="btn btn-small btn-inverse"><i class="icon-circle-arrow-left icon-white"></i> Back</a>
+		</div>
+	</h3>
+</div>
+
+
+<form class="form-horizontal" method="post" action="" autocomplete="off">
+	<!-- CSRF Token -->
+	<input type="hidden" name="_token" value="{{ csrf_token() }}" />
+
+	<!-- Tabs Content -->
+	<div class="tab-content">
+
+
+	<div class="tab-pane active" id="tab-general">
+			<!-- Class Title -->
+			<div class="control-group {{ $errors->has('name') ? 'error' : '' }}">
+				<label class="control-label" for="name">Depreciation Class Name</label>
+				<div class="controls">
+					<input class="span6" type="text" name="name" id="name" value="{{ Input::old('name', $depreciation->name) }}" />
+					{{ $errors->first('name', '<span class="help-inline">:message</span>') }}
+				</div>
+			</div>
+			<!-- Months -->
+			<div class="control-group {{ $errors->has('months') ? 'error' : '' }}">
+				<label class="control-label" for="name">Number of Months</label>
+				<div class="controls">
+					<input class="span6" type="text" name="months" id="months" value="{{ Input::old('months', $depreciation->months) }}" />
+					{{ $errors->first('months', '<span class="help-inline">:message</span>') }}
+				</div>
+			</div>
+		</div>
+
+
+	<!-- Form actions -->
+	<div class="control-group">
+		<div class="controls">
+			<a class="btn btn-link" href="{{ route('depreciations') }}">Cancel</a>
+			<button type="submit" class="btn btn-success">Save</button>
+		</div>
+	</div>
+</form>
+
+
+@stop
diff --git a/app/views/backend/depreciations/index.blade.php b/app/views/backend/depreciations/index.blade.php
new file mode 100755
index 0000000000..dfb90a11ef
--- /dev/null
+++ b/app/views/backend/depreciations/index.blade.php
@@ -0,0 +1,51 @@
+@extends('backend/layouts/default')
+
+{{-- Page title --}}
+@section('title')
+Asset Depreciations ::
+@parent
+@stop
+
+{{-- Page content --}}
+@section('content')
+<div class="page-header">
+	<h3>
+		Asset Depreciations
+
+		<div class="pull-right">
+			<a href="{{ route('create/depreciations') }}" class="btn btn-small btn-info"><i class="icon-plus-sign icon-white"></i> Create</a>
+		</div>
+	</h3>
+</div>
+
+@if (count($depreciations) > 10)
+{{ $depreciations->links() }}
+@endif
+
+<table class="table table-bordered table-striped table-hover">
+	<thead>
+		<tr>
+			<th class="span6">@lang('admin/depreciations/table.title')</th>
+			<th class="span6">@lang('admin/depreciations/table.term')</th>
+			<th class="span2">@lang('table.actions')</th>
+		</tr>
+	</thead>
+	<tbody>
+		@foreach ($depreciations as $depreciation)
+		<tr>
+			<td>{{ $depreciation->name }}</td>
+			<td>{{ $depreciation->months }} @lang('admin/depreciations/table.months') </td>
+			<td>
+				<a href="{{ route('update/depreciations', $depreciation->id) }}" class="btn btn-mini">@lang('button.edit')</a>
+				<a href="{{ route('delete/depreciations', $depreciation->id) }}" class="btn btn-mini btn-danger">@lang('button.delete')</a>
+			</td>
+		</tr>
+		@endforeach
+	</tbody>
+</table>
+
+@if (count($depreciations) > 10)
+{{ $depreciations->links() }}
+@endif
+
+@stop