write-off
- The act of removing an asset or debt from financial records
- The process of recording an asset as a loss or expense for accounting purposes
- The practice of subtracting an amount from taxable income
- The company decided to write-off the old equipment that was no longer in use.
- After a bad investment, the business had to write-off a significant amount.
- The organization was able to write-off their charitable contributions when calculating the tax.
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