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 ?
7 million of non-cash pre-tax write-downs on older equipment.
Citigroup took $6bn in pre-tax write-downs and credit costs on subprime-related direct exposures, $3.
4 billion in net pre-tax write-downs in Securities and Banking (See Schedule B on page 10), $4.
7 million of non-cash, pre-tax write-downs of certain aircraft, it had a net loss of USD11.
2 billion in pre-tax write-downs in Securities and Banking (See Schedule C on page 10).
0 billion in pre-tax write-downs and credit costs on sub-prime related direct exposures.
The current period included a $212 million pre-tax write-down of an equity investment held by Nikko Cordial.
16 billion of pre-tax write-downs and losses on highly leveraged finance commitments, sub-prime mortgages warehoused for future CDO securitizations, CDO positions, and in fixed income credit trading.
Income for Citigroup's Investment Activities was $70 million in the first quarter, reflecting $100 million in pre-tax write-downs on certain investments in Argentina, offset by realized gains in the private equity and insurance portfolios, as well as marked to market gains on an investment in India.
The decline in NAV during the quarter ended June 30, 1997 reflected net pre-tax write-downs totaling $4,840,270 in the company's private equity investments.