1. In 2013, JMR Corp. set up a deferred income tax benefit of a tax loss carry forward as the probability of realization was greater than 50%. It is now the end of 2013 and management has determined that 50% of the benefit will not be realized. Management should:

Options:

- continue to carry the total Differed income tax benefit of the tax loss carry forward

- write down the entire benefit

- write down 50% of the benefit

- none of these statements are correct