Advanced as in bad debt A term used to describe a situation where an asset or expense is considered uncollectible or not recoverable, often due to its reduced value or irrelevance. Clear All
4 Example Sentences Showcasing the Meaning of 'Write-off'
The archaeologist considered the broken artifacts a write-off in their excavation findings.
The accountant explained the write-off process to the new employees, emphasizing its impact on financial statements.
The government announced a tax write-off for businesses contributing to environmental conservation projects.
Due to unforeseen circumstances, the management had no choice but to approve a write-off for the failed project expenses.
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