pretax writedown

(redirected from Pretax Write Down)

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 ?
A $167 million pretax write down primarily in vehicle-related assets
Excluding this quarter's $275 million pretax write down of purchased credit card intangible assets and other adjustments, noninterest expense declined $139 million, or 17%, from the prior year.
7 million from the sale of the Fosterweld Division and a pretax write down of $0.
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.