Isbell Corp. is a start$-$up technology company that has been reporting net losses for the past three years. At the end of the current year, Isbell has a deferred tax asset of $$100,000$ related to net operating losses. However, the company's future profitability is uncertain. Based on this information, should Isbell recognize a valuation allowance for the deferred tax asset, and why?

No$,$ because Isbell is a start$-$up and is expected to have future taxable income.

Yes, because the future realization of the DTA is uncertain given Isbell's history of losses.

Yes, but only if Isbell has other taxable temporary differences that can offset the DTA.

No$,$ because the DTA is related to NOLs that can be carried forward indefinitely.