"Robert M. Gary" wrote in message
ups.com...
"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.

I believe that automobile have a celing on deductibiity. I'd guess people
got tired of subsidzing BMW's and Hummers. IIRC, the most you can deduct is
the cost of a average mid-sized car. Afther that, you're on your own.