Write-down (Noun)
Meaning
(accounting) reduction in the book value of an asset.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company was forced to take a significant write-down on its investment in the struggling startup due to its declining value.
- A write-down of $10 million was recorded in the company's financial statements to reflect the decreased value of its inventory.
- The bank took a substantial write-down on its mortgage portfolio after the housing market crashed.
- The company's decision to discontinue the product line resulted in a write-down of its associated assets.
- The auditor recommended a write-down of the company's goodwill due to the decline in its market value.