Even assuming your compute demands stay fixed, its possible that a future generation of accelerator will be sufficiently more power/cooling efficient for your workload that it is a positive return on investment to upgrade, more so when you take into account you can start depreciating them again.
If your compute demands aren't fixed you have to work around limited floor space/electricity/cooling capacity/network capacity/backup generators/etc and so moving to the next generation is required to meet demand without extremely expensive (and often slow) infrastructure projects.
Two years later, H900 is released for a similar price but it performs twice as many TFlOps/Watt. Now any datacenter using H900 can offer the same performance as NeoCloud Inc at $5/month, taking all their customers.
[all costs reduced to $/minute to make a point]
Current estimates are about 1.5-2 years, which not-so-suspiciously coincides with your toy example.
These things are like cars, they don't last forever and break down with usage. Yes, they can last 7 years in your home computer when you run it 1% of the time. They won't last that long in a data center where they are running 90% of the time.