a. Compute the five-year average rate analysts might use to adjust the valuation allowance.

Adjusting Deferred Tax Valuation Allowance Micron Technology reports the following information related to deferred tax assets. Gross deferred tax assets | $1,357 $1,293) $1,250 $1,354 $1,413 Less valuation allowance 526 559 4AA3 895) 1,003 Net deferred tax assets $831 $734) $807 $459 $410 Required a. Compute the five-year average rate analysts might use to adjust the valuation allowance. Note: Round average rate to two digits after the decimal, if applicable. |