FASB Statement No.109 allows the recognition of a deferred tax asset, subject to an asset impairment test.Discuss what criteria a company should employ to determine whether a deferred tax asset is considered impaired.

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The Answer of FASB Statement No.109 allows the recognition of a deferred tax asset, subject to an asset impairment test.Discuss what criteria a company should employ to determine whether a deferred tax asset is considered impaired.