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 ?
Fourth quarter and full-year 2017 results included $22.3 million of additional tax expense related to the revaluation of the Company's deferred tax assets and a $2.6 million pretax write-down of low income housing tax credit investments, both as a result of the enactment of the Tax Cuts and Jobs Act.
In the Q4 2014, crude oil prices dropped and it recognized a USD12.6m pretax write-down in the carrying value of crude oil inventories and a USD7.4m pretax write-down in the carrying value of oil and gas properties.
The sale resulted in a pretax write-down of $63 million, or an after-tax charge of 18 cents per share.
As a result of the restructuring, a pretax write-down of $149 million was recorded by Rite Aid in the fourth quarter of fiscal 1994, which ended in February 1994.
Net earnings prior to a $114 million pretax write-down of Rhodes assets were $9 million or 15 cents per share, compared with $10.2 million or 17 cents per share in the prior year.
SunTrust Banks said it would take up to $400m in fourth-quarter pretax write-downs.