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 ?
Its pre-tax write down on Greek sovereign debt was EUR333m.
5 million pre-tax write down for closing two Incredible Universe stores in May.
5 million (continuing operations portion) non-cash, pre-tax write down of goodwill and other intangibles at Prospect's legacy IPA operation
The pre-tax write down on its Greek sovereign debt was EUR2.
8 million, non-cash, pre-tax write down of goodwill and identifiable intangibles relating to Prospect's legacy IPA operation, amounting to $3.
The loss included a EUR377m pre-tax write down on Greek bond holdings.
The fiscal 2005 fourth quarter results included a non-recurring, non-cash, pre-tax write down of approximately $2,200,000, or $0.
1) The fiscal 2005 fourth quarter and full-year results reflect a non-recurring, non-cash, pre-tax write down of approximately $2,200,000, or $0.
1 million pre-tax write down of SURVIVOR inventory, a $0.
12 per diluted share resulting from the pre-tax write down of approximately $1,100,000 of the Company's inventories to their current expected market value.
To account for its losses relating to these hedge assets and the subsequent sale of its bankruptcy claim, the Company anticipates recording (i) a pre-tax write down of its derivative hedge assets and other receivables relating to Enron of approximately $25.
Based on the preliminary estimate of the fair market value of the Company's claim against Enron (around $9 million), the Company anticipates a non-cash pre-tax write down of its derivative hedge assets relating to Enron of around $25 million in the fourth quarter of 2001 to adjust the assets to the preliminary estimate of fair market value.