Is a vehicle titled in personal name a business asset for LLC?

This may be a stupid question but, if a vehicle is purchased for 100% business use but the title, loan note and insurance remains in the name of the person who purchased the vehicle, is it considered to be personal property/ personal asset or business asset? Can it still be treated as a personal vehicle used for business and depreciated at same rate as business asset that is titled in business name?

JME

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