NOUN | possession | write-off, write-down | (accounting) reduction in the book value of an asset |
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act | write-off | the act of cancelling from an account a bad debt or a worthless asset |
Meaning | (accounting) reduction in the book value of an asset. | |
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Synonym | write-down | |
Category | accounting | A system that provides quantitative information about finances |
Narrower | tax write-off, tax deduction, deduction | A reduction in the gross amount on which a tax is calculated |
Broader | depreciation, wear and tear | decrease in value of an asset due to obsolescence or use |
Spanish | pérdida, rebaja | |
Verbs | write off | reduce the estimated value of something |
Meaning | The act of cancelling from an account a bad debt or a worthless asset. | |
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Broader | cancellation | The act of cancelling |
Catalan | cancel·lació | |
Verbs | write off | reduce the estimated value of something |
write off | cancel (a debt) |
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