Depreciating Vans and Trucks

If you purchase and place in service certain trucks and vans in 2013, you can depreciate them under section 179 up to a limit of $500,000. They have to be used more than 50% for business. Other conditions are required such as an open cargo area of at least 6 feet long , a loaded gross vehicle weight of at least 6,000 lbs., and seating of more than 9 passengers behind the driver seat. Some qualifying vehicles are Ford F-150s with a 6 ft. bed, Ford F250/F350s super duty, and Ford E-series cargo vans. Any truck or van with a loaded gross vehicle weight over 14,000 lbs. also qualifies. This $500,000 section 179 limit drops to $25,000 in 2014.