1.A corporation must recognize a valuation allowance if, based on available evidence, it is more likely than not that a deferred liability will not be realized. true or false

2.The value of deferred tax assets and liabilities should be measured using the enacted tax rates that will be in existence when the temporary differences reverse. true or false

3.Using accelerated depreciation for tax purposes and a straight-line method for book purposes results in a deferred tax asset. true or false

4.The value of deferred tax assets and liabilities should be measured using the enacted tax rates that will be in existence when the temporary differences initially occur. true or false