pretax writedown

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Pretax Writedown

In accounting, the reduction in value of an asset before one accounts of taxes owed. Pretax writedowns may reduce one's tax liability. See also: Depreciation.

pretax writedown

An accounting reduction in the value of an asset, measured before any effect by income taxes.
References in periodicals archive ?
5 billion in pre-tax write downs and charges for the second quarter due to its attempts to exit petroleum-refining and telecommunications businesses.
12 per diluted share, respectively, resulting from the fiscal 2003 and fiscal 2002 pre-tax write downs of approximately $1,870,000 and $1,100,000, respectively, of the Company's inventories to their current expected market value.
12 per diluted share, respectively, resulting from pre-tax write downs of approximately $1,600,000 and $1,100,000, respectively, of the Company's inventories to their current expected market value.