| It is important to note that a valuation allowance is not used to derecognize the benefits of uncertain tax positions. |
| Although GAAP does not allow businesses to generally derecognize liabilities until the liability has been relieved, there is a special exception dealing with gill cards. |
| For example, an entity can derecognize financial assets from its balance sheet when it can demonstrate no continued involvement. |
| The aviation minister, Vayalar Ravi, pressured the management to derecognize the union. |
