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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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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.
1 million related to the company's mergers with Great Western Financial Corporation and American Savings Bank, and were also impacted by the company's $100 million pretax writedown resulting from the securitization of approximately $1.
 
 
 
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