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 576 559 4AA3 895 1,003 Net deferred tax assets $831 $734) $807) $459) $410