Robert M. Gary wrote:
You come out ahead because a dollar today is better than a dollar
tomorrow. However, in the end, the thing will depreciate as much as it
will depreciate. Taking accelerated depreciation just means you can
capture that depreciation faster. Its just a paperwork thing. When you
sell it, any gains get recaptured and you end up paying back any
acceleration.


Unless tax rates have changed since I had depreciable property about
two years ago, you may also come out ahead because the depreciation
recapture rate is 25%, but when you were depreciating you may have been
taking the depreciation deduction against income in a higher bracket
like 28% or 33%.

Of course as noted elsewhere in this thread, that won't help with the
winner of this plane because you can't take depreciation against an
asset you got for free.