Is valediction in one line at the end of offical letter acceptable?

For example:

Sincerely yours, John Snow

... in terms of English Language and Usage? Yes! That is perfectly comprehensible

Does it match APA, Chicago, or other fetishistic style guides? No!

If you expect that you will be judged according to a particular formal code then choose and follow a style guide (and know which one, since they contradict each other).

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