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 ?
SunTrust Banks said it would take up to $400m in fourth-quarter pretax write-downs.
9 million of non-cash, pretax write-downs of impaired long-lived assets.
The previous year included pretax write-downs and write-offs of inventories and manufacturing assets in the amount of $5,600,000 relating to the closure of six facilities.
ROE does not include approximately $40 million in pretax write-downs taken in 2001.