write-down

Definition of "write-down"
  1. It refers to the process of decreasing the recorded monetary value of an asset
How to use "write-down" in a sentence
  1. The company had to implement a write-down on the assets after they lost a significant amount of their value.
  2. The car dealership used a write-down to adjust the prices of older car models.
  3. To account for the obsolete manufacturing equipment, the accountant performed a write-down.
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