Question: Question 5 ( 3 points ) Determine the effect of the following item on the reconciliation of Net Income for Accounting Purposes to minimum Net

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).
Your Answer:
Question 5(3 points) Determine the effect of the following item on

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