write-off


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write-off

(rīt′ôf′, -ŏf′)
n. Accounting
1.
a. A cancellation of a worthless asset from a balance sheet.
b. The amount canceled or lost.
2. A downward adjustment in earnings or in the value of an asset on account of a loss or expense: a tax write-off for business expenses.

write′-off`



n.
1. a cancellation from the accounts as a loss.
2. a reduction in book value; depreciation.
3. a person or thing that is given up as hopeless or pointless.
[1745–55]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.write-off - (accounting) reduction in the book value of an asset
accounting - a system that provides quantitative information about finances
wear and tear, depreciation - decrease in value of an asset due to obsolescence or use
deduction, tax deduction, tax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
2.write-off - the act of cancelling from an account a bad debt or a worthless asset
cancellation - the act of cancelling; calling off some arrangement
Translations

write-off

[ˈraɪtɒf] N
1. (= vehicle) → siniestro m total
his car was a complete write-offel coche fue declarado siniestro total, el coche quedó siniestro total
2. (Comm) → anulación f en libros, cancelación f en libros
3. (Fin) → cancelación f (de una deuda considerada incobrable)
he proposed a complete write-off of debtpropuso cancelar totalmente la deuda
4. (= disaster) → desastre m, fracaso m
the whole afternoon was a write-offla tarde entera fue un desastre or fracaso

write-off

[ˈraɪtˌɒf] n (Comm) → perdita (fig) (car) → rottame m
the car is a write-off → la macchina è ridotta ad un rottame
References in periodicals archive ?
The list of companies KirKlees provided us with includes some with more than one write-off.
The banks' representatives informed the meeting that a write-off is undertaken after all remedies to recover have been exhausted.
Earlier this year, it found a difference between the records on total write-off vehicles held on the State vehicle register and a sample of records from one of the State's largest car insurers.
In some cases, you might not be able to justify a complete write-off but can deduct at least a portion of the cost.
While the first conclusion is widely acknowledged, many practitioners still cling to the apparently logical notion, in the case of special purpose improvements that will become worthless at the conclusion of the lease, that the period of the write-off should coincide with the lease term.
6 million write-off of the company's investment in a sports betting network in the Dominican Republic, a write-down in the amount of $3 million for the lottery operation in Papua New Guinea and a write-off of $1.
HMA has also announced a change in their bad debt write-off methodology, resulting in a $200 million charge in the fourth quarter 2006.
Since the agreement between the Governments of Kyrgyzstan and Russia on in kind settlement of a part of the public debt and write-off of the remaining debt of Kyrgyzstan to Russia of 3 February 2009 did not enter into force yet, the agreement was reached about signing of the new intergovernmental agreement between Kyrgyzstan and Russia on write-off of the public debt of Kyrgyzstan to Russia before October 15, 2012.
The banks representatives informed the meeting that a write-off is undertaken after all remedies to recover have been exhausted.
And in the case of a badly tarted-up write-off, a month's delay could cause a well-intentioned purchaser to drive away in a cut-and-shut that eventually kills him.
The $35 million write-off will result in an after-tax charge to 1994 second quarter earnings of approximately $20.
Although the analysis is ongoing, as a result of its determinations, IVAX Diagnostics expects to record a write-off of approximately $500,000 of certain PARSEC([R]) System related assets, of which approximately $150,000 relates to the depreciation.