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Deferred tax assets are recognized in full, but then a valuation allowance is recorded if it is considered more likely than not (more than 50% probable) that some portion of the deferred tax assets will not be realized. | Deferred tax assets are recognized to the extent that it is probable (more than 50%) that sufficient taxable profits will be available to realize the deductible temporary difference or carryforward of unused tax losses or tax credits. |
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