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You saw on the Business News Today blog that YoungCo has released onethird of its valuation allowances because of an upbeat forecast for sales of

You saw on the Business News Today blog that YoungCo has released onethird of its valuation allowances because of an upbeat forecast for sales of its tablet computers over the next 30 months. What effect does such a release likely have on YoungCos current-year book effective tax rate? Be specific.

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