Tracy Lee Posted April 13, 2021 Report Share Posted April 13, 2021 TP purchased a Utility Vehicle for his timber business. I do not want to take any bonus depreciation. He doesn't need it this year and the business will be generating more income in the next couple years. Is this considered a vehicle / other vehicle 5 years or equipment / general purpose 7 years or logging machinery and equipment 5 years? Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted April 13, 2021 Report Share Posted April 13, 2021 It sounds like it might be a qualified nonpersonal use vehicle, like a dump truck, or is it just an SUV? It's definitely not equipment, unless it's an unlicensed off road vehicle. Look up the VIN to see what the gross vehicle weight is to determine if it's 6000 lbs or more. https://driving-tests.org/vin-decoder/ Quote Link to comment Share on other sites More sharing options...
Tracy Lee Posted April 13, 2021 Author Report Share Posted April 13, 2021 It is a not licensed off road vehicle. Weighs about 1500 lbs. So what do you recommend? Thanks for the VIN website! Quote Link to comment Share on other sites More sharing options...
Lee B Posted April 13, 2021 Report Share Posted April 13, 2021 At this weight, I assume you are referring to a Utility Vehicle like a Gator? If so, a 5 year life. Quote Link to comment Share on other sites More sharing options...
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