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.
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As a result of this detailed review the Company recorded a pre-tax write-down of $13,516,000.
1 million pre-tax write-down of the undepreciated asset value of a mainframe computer in conjunction with its lease termination, professional fees and expenses related to the Elder Beerman lawsuit, and the write-off of loan fees.
As a result of this restructuring, the six months ended July 2, 2000 included a pre-tax write-down of property and equipment of $17.
First quarter operating expenses, excluding the $385 million pre-tax write-down, were $55 million, 21% below the year earlier period.
As a result of this restructuring, the 2000 first quarter includes a pre-tax write-down of property and equipment of $17.
7 million non-cash, pre-tax write-down of certain older aircraft, the net loss in the third quarter of 2014 was $8.
These figures also include a pre-tax write-down of $32.
As a result, Multiplex has had to make a A$59 million (pounds 24m) pre-tax write-down on the project.
The projected loss is more than double the pounds 21m the Roberts family, which founded the firm and still holds an 26% stake in it, had agreed to cover As a result Multiplex has had to make a 59 million Australian dollars (pounds 24m) pre-tax write-down on the project.
Net income of $794,000 for the three months ending December 31, 2009, included a pre-tax write-down of $1.
As a result of the transactions announced today, the company expects to record a pre-tax write-down in the third quarter of 2008 of approximately $5.