Advanced as in contribution The cancellation of a financial debt or the acknowledgment that an asset has no economic value, typically due to being uncollectible or depreciated. Clear All
5 Example Sentences Showcasing the Meaning of 'Write-off'
The accountant recommended a write-off for the outdated computer equipment that was no longer functional in the rapidly advancing tech environment.
In the aftermath of the natural disaster, the city had to declare a write-off for the damaged infrastructure to expedite reconstruction efforts.
The company decided to make a substantial write-off for the charitable contributions it made last year.
The museum curator proposed a write-off for the valuable artifacts donated by generous patrons, enhancing the cultural collection.
As part of the budget reconciliation, the government considered a write-off for investments in renewable energy projects.
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