Problem: Select all that apply Which of the following are true of valuation allowances? Multiple select question. The determination of the amount of a deferred tax asset valuation allowance is an objective assessment. The determination of the amount of a deferred tax asset valuation allowance is a subjective assessment. The decision to establish a deferred tax asset valuation allowance is a subjective assessment. The decision to establish a deferred tax asset valuation allowance is an objective assessment.