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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA00832660: Apollo Global, Asset and Allowance (DS9)

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This document contains confidential and attorney-client privileged communications regarding Apollo Global Management, LLC discussing accounting treatment of assets and allowances. It addresses balance sheet asset valuation, discounting of future cash flows and TRA payments, valuation allowance establishment, and tax rate review procedures.

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**Apollo** **Global** Management, LLC please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute
Excerpt 2
That amount is also undiscounted when creating the balance sheet **asset**.
Excerpt 3
EFTA00832660 Each period we re-assess our ability to realize the **asset** over the allotted time frame.

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