Determine the effect of the following item on the reconciliation of Net Income for Accounting

Purposes to minimum Net Income for Tax Purposes $($NIFTP$).$

Additions in reconciliation should be entered in the box as a positive number $($write only

numbers, do not write $"+"$ sign$).$

Deductions in reconciliation should be entered in the box as a negative number.

If the item would have no effect on the reconciliation, enter the number $0($zero$)$ in the

box.

The company deducted an accounting loss of $$4,499$ arising from the sale of a delivery vehicle during the year.

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