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Valuation Allowance for Deferred Tax Assets This memo is to assess the establishment of valuation allowance for Deferred Tax Assets. I also explain the current sources of deferred tax for Packer, Inc. Applying GAAP, I will advise not using a valuation allowance of 60% of deferred tax assets. I. Sources of deferred taxes Deferred tax.
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Deferred Tax AssetsDeferred Tax LiabilityFuture YearsJetblues Valuation Allowance