You bought a delivery van for your business for $29,000 four years ago, which is your only fixed asset. Last year, your business had revenue of $31,000, costs of $15,500 and an average tax rate of 28%. The business doesn't have any debt. Part 1 Into which property class does the van belong? Check IRS publication 946, How to depreciate property. Enter "3" for 3-year property, "5" for 5-year property, and so on.

Part 2 What is the depreciation for the van for last year (in $)? Use table A1 in IRS publication 946 to look up the depreciation percentages for each year.

Part 3 What is the operating cash flow for last year?