Advanced as in present An accounting term referring to the act of canceling the recorded value of an asset, typically due to it being considered of little or no value. Clear All
4 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The accountant recommended a write-off for the outdated computer equipment that was no longer functional in the rapidly advancing tech environment.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 art gallery faced a dilemma when they had to decide whether to write-off damaged paintings.
The government agency decided to implement a write-off for the abandoned properties.
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