pretax writedown

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 ?
The company will take a $9 million pretax writedown to correct the value.
Friendly said it expected an $18 million pretax writedown of property and equipment and a $12 million restructuring charge in the first quarter, because of the closings and an additional $8 million pretax savings because of its headquarters restructuring.
The CreditWatch placement reflects the announcement that poor drilling results in Louisiana's Austin Chalk will cause Chesapeake to incur a pretax writedown of $150 million-$200 million.
The net loss in the quarter included a pretax writedown of $3,500,000 or $2,250,000 after tax for monies owed to Forest by Foxmeyer Drug.
partially offset by a $10 million pretax writedown of Orchard Valley due to mine closure on October 15.