10 Example Sentences Showcasing the Meaning of 'Write-off'
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.
The company decided to declare a significant write-off on its financial statements, reflecting a loss in asset value.
The business owner regretfully marked the unsold inventory as a write-off to adjust the accounting books accurately.
Despite efforts to recover the debt, the finance team had to acknowledge it as a write-off on the company's financial records.
The environmentalist argued that pollution and environmental degradation should be considered a societal write-off.
The charity organization decided to recognize the uncollectible donations as a write-off in their annual report.