Question: a. Compute the five-year average rate analysts might use to adjust the valuation allowance. Round percentage to one decimal place. Adjusting Deferred Tax Valuation Allowance

a. Compute the five-year average rate analysts might use to adjust the valuation allowance. Round percentage to one decimal place.

Adjusting Deferred Tax Valuation Allowance Micron Technology reports the following information related to deferred tax assets. RS tee FY1 FY2 =FY3 FY4 = FY5 Gross deferred tax assets $1,425 $1,358 $1,313 $1,422 $1,484 Less valuation allowance 305 323 256 518 581 Net deferred tax assets $1,120 $1,035 $1,057 $904 $903 a. Compute the five-year average rate analysts might use to adjust the valuation allowance. Round percentage to one decimal place. %

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