10 Example Sentences Showcasing the Meaning of 'Write-off'
After the car accident, the insurance company declared it a total loss and approved a write-off for the damaged vehicle.
The museum curator had to decide whether to maintain or make a write-off for the antique painting that was deteriorating over time.
The accountant recommended a write-off for the outdated computer equipment that was no longer functional in the rapidly advancing tech environment.
The government had to consider a massive write-off for the loans provided to struggling industries during the recession.
In the aftermath of the natural disaster, the city had to declare a write-off for the damaged infrastructure to expedite reconstruction efforts.
After the customer declared bankruptcy, the bank had to initiate a write-off for the outstanding loan.
The accountant explained the write-off process to the new employees, emphasizing its impact on financial statements.
Despite efforts to recover the funds, the business had no choice but to declare a significant write-off on the investment.
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.