(Answered) As we read in the text book this week companies must use

Accounting

As we read in the text book this week, companies must use the current tax rates for the purposes of calculating the value of a deferred tax asset. As stated in the text, some companies forgo using the carryback option if tax rates are expected to be higher in the future. With talk of comprehensive tax reform legislation affecting corporate rates in the US, what is the likelihood that companies will reassess this using this strategy?

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