paul- to add to your good explanation for the benefit of those not too familiar....in "98 my CPA said I could buy some machine up to $13,000 and write it off with section 179, or pay lots of tax to Uncle Sam. I bought my first good skidloader for $12,900, and wrote it off. Then no ensuing annual depreciation.
Current 179 limit is $25,000, I think. In between years it slowly increased to what, $250,000 a couple of years ago? Now much lower. The inconsistency/uncertainty of tax law is a pain to deal with, with yearly adjustments.
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