I'm thinking of buying a new mower. I only do this part time so my income is only around $6000. I'm looking at whether to get a used or new the used has 1200 hrs and about 3 smaller problems for $2800 the new is of course new and is $5700 with tax included. How much am I able to deduct on this years taxes with a new one compared to an old one? is there a percent you can deduct and then you have to depreciate in coming years or how does that work?