How to recognize deferred tax assets


Response to the following problem:

The benefit of future deductible amounts can be achieved only if future income is sufficient to take advantage of the deferred deductions. For that reason, not all deferred tax assets will ultimately be realized. How is this possibility reflected in the way we recognize deferred tax assets?

If possible, please give examples to better understand your response.

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Taxation: How to recognize deferred tax assets
Reference No:- TGS02095117

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