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.
Earnings for the quarter and nine-month period were affected by a $5,278,000 pre-tax writedown of all remaining Kenco assets.
The 1998 loss includes a fourth quarter non-cash pre-tax writedown of $129.
The 1998 net 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.
The non-recurring charges reflect a pre-tax writedown of $3,103,000 in the Company's investment in common stock and a note from Orca Technologies, Inc.
on CreditWatch with negative implications following the company's announcement of a $200 million pre-tax writedown in addition to the previously announced $150 million writedown.
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.
The action follows the placement of Green Tree's senior obligations on FitchAlert negative in response to Green Tree's announcement of approximately a $125 million to $150 million pre-tax writedown of its interest-only strip.
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