"Once the aircraft purchase is made, the Feds will then allow this
individual to take accelerated depreciation"

True, but financing has nothing to do with accelerated depreciation,
does it? I have a student (and fellow Mooney driver) who just bought a
Hummer and a Corvette last year for just this reason. He's a home
inspector and can write off the vehicles because he travels around the
state in his work.

-Robert