write-down

Definitions of write-down
  1. noun
    (accounting) reduction in the book value of an asset
    synonyms: write-off
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    types:
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    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
    tax benefit, tax break
    a tax deduction that is granted in order to encourage a particular type of commercial activity
    business deduction
    tax write-off for expenses of doing business
    exemption
    a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
    type of:
    depreciation, wear and tear
    decrease in value of an asset due to obsolescence or use
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