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Deductions & credits
ATVs are not considered vehicles as they are not street legal. So they are considered 7 year property because there is no specific category for them... review the CLADR tables :
Passenger Automobiles
A passenger automobile is any four-wheeled vehicle
made primarily for use on public streets, roads, and highways and rated at 6,000 pounds or less of unloaded gross vehicle weight (6,000 pounds or less of gross vehicle
weight for trucks and vans). It includes any part, component, or other item physically attached to the automobile at the time of purchase or usually included in the purchase price of an automobile.
‎October 11, 2021
4:47 PM