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The depreciation for passenger automobiles is limited, if the vehicle was placed in service in 2010, your current year depreciation should only be 1775. Cars, trucks and vans use special depreciation schedule. See here page 61:
Section 179 or bonus depreciation is only allowed in the first year.
If you didn't take special/bonus depreciation, your deductions should have been as followed:
2010 - 3060
2011 - 4900
2013 - 2950
2013 - 1775
Because 2010 is closed year, you cannot amend it to claim additional refund and unfortunately the election had to be made when you filed your return. There's no catch up, the maximum you can claim for the following years is 1775.
I am sorry if that's not the answer you were hopping for. When it comes to vehicles, most of the time you will not recover he entire purchase price because of the maximum limits.
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Yes, the maximum is per vehicle and you depreciate both vehicles separately. If we are talking about a standard passenger automobile, no specialty vehicle (like ambulance or minibus for example) or SUVs or Crossover Vehicles with GVWR above 6,000lbs, the maximum depreciation you can take, including special and bonus depreciation is 11,060. (11160 for trucks and vans).
You can only take Section 179 on vehicles that are not classified as passengers vehicles or for certain SUVs or Crossover Vehicles with GVWR above 6,000lbs, the maximum is 25K.
As you probably know section 179 is 100% and bonus depreciation. If your vehicle qualify for section 179 depreciation, you will have to use it at least 50% for business. Also, keep in mind, that the limits are also adjusted by the percentage of business use. If you use the vehicle only 80% for business, you can only deduct 80% of the maximum limits.
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