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What Is a Valuation Allowance for Deferred Tax Assets and When

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What is a valuation allowance for deferred tax assets and when is it used?


Definitions:

Fitbit

A brand of consumer-oriented wearable technology devices designed to monitor health-related metrics such as steps walked, heart rate, and quality of sleep.

Twitter

A free microblogging service that allows its users to send messages and read other users’ messages and updates.

Fitbit

A brand of consumer electronics known for its products that track various physical activities such as steps walked, heart rate, and sleep patterns.

Wireless Tethering

A method to share a device’s mobile data connection with other devices via wireless LAN (Wi-Fi), allowing those devices to access the internet.

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