Question $5(3$ points$)$

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.

On April $15$ of $2023,$ the Company purchased a Lexus for the exclusive use of the president. The vehicle is not a Zero Emission Vehicle. The car cost is $$83,461.$ Determine the effect of the related

CCA amount $($i$.$e$.$ the CCA's effect on NIFTP$).$

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