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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6 million pretax write-down of low income housing tax credit investments, both as a result of the enactment of the Tax Cuts and Jobs Act.
6m pretax write-down in the carrying value of crude oil inventories and a USD7.
The sale resulted in a pretax write-down of $63 million, or an after-tax charge of 18 cents per share.
85 million pretax write-down of goodwill and other long-lived assets associated with the company's United Kingdom business as well as the relocations costs.
As a result of the restructuring, a pretax write-down of $149 million was recorded by Rite Aid in the fourth quarter of fiscal 1994, which ended in February 1994.
Net earnings prior to a $114 million pretax write-down of Rhodes assets were $9 million or 15 cents per share, compared with $10.