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 ?
59bn) pre-tax writedown this year due to the credit crisis rattling global financial markets.
0 million pre-tax writedown, reflecting lower commodity prices, recorded under the full cost method of accounting.
The 1998 loss includes a fourth quarter non-cash pre-tax writedown of $129.
The net securities losses in 1998 reflected a $75,000,000 pre-tax writedown related to the Company's investments in Russian and Polish debt and equity securities.
Nasdaq:URIX) ("URI") announced that its third quarter results of operations included a pre-tax writedown of certain of its uranium properties of approximately $18.
Leucadia also announced that its third quarter 1998 results will reflect a pre-tax writedown of approximately $75 million, reduced by a deferred tax benefit of approximately $26 million, related to its investments in Russian and Polish debt and equity securities.
14, 1997--Perini Corporation (AMEX:PCR) announced today that its domestic construction operations achieved their best performance ever in 1996 however, the implementation of a new real estate strategy resulted in the recognition of a non-cash $80 million pre-tax writedown in fourth quarter 1996, which resulted in a loss for the quarter and the full year.
a) Includes pre-tax writedown of assets of $1,757,000 in
A subsequent fall in oil prices resulted in pre-tax writedowns of about $13 billion.
2bn in pre-tax writedowns in securities and banking.
Pre-tax writedowns of some pounds 686 million on funded and unfunded leveraged loan commitments were partly to blame.