Jacobsen Corporation has determined the appropriate changes to its deferred tax accounts. Its auditor now is discussing whether to place a valuation allowance against the deferred tax asset on the balance sheet. List some of the factors that the Jacobsen auditor will consider in this regard.

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The Answer of Jacobsen Corporation has determined the appropriate changes to its deferred tax accounts. Its auditor now is discussing whether to place a valuation allowance against the deferred tax asset on the balance sheet. List some of the factors that the Jacobsen auditor will consider in this regard.

Jacobsen Corporation Has Determined the Appropriate Changes to Its Deferred