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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9 million pretax write down of inventory to market value mostly due to a decline in demand and selling price for RAC products.
The third quarter of 2005 included a one time pretax write down of $835,000 on an impairment recognized in the Bank's other real estate holdings.