Pearson and Okubara (Accounting Horizons, March, 1987) point out that recent writeoffs
related to restructurings have some special features: 1) the magnitude of the dollars involved; 2) a sudden spurt in the number of firms undergoing the process; and 3) partial writedowns of assets remaining in use.
It is believed that banks would declare writeoffs
of about GBP32bn, and the biggest writedown is expected to be declared by Lloyds Banking Group (LSE: LLOY), largely as a result of problems inside its HBOS businesses.
1 million, which was partly offset by restructuring charges and other writeoffs
that reduced net income by $26.
Aside from enjoying the prestige of a fine collection, a corporation can recoup some of the money it spends on it by donating works to museums and taking advantage of the writeoffs
Covered topics range from the Income Statement and Balance Sheet to Depreciation, Writeoffs
and Recent Scandals.
Since Gerstner's writeoffs
, IBM shares have surged nearly 1,400 percent
Analysts have opined that Bank of America Corp (NYSE: BAC) may have to increase loan writeoffs
And almost 100 writeoffs
in the sample had passed the NCT, the report found.
Pluto Nash," for instance, has already been erased from AOL Time Warner's books, in the form of multiple quarterly writeoffs
Among the SEC's concerns are the huge writeoffs
of acquired in-process research and development (R&D).
of damaged or useless inventory are required, but inventory write-downs for reasons related to lower-of-cost-or-market considerations must first be cleared with the overseeing state agency.
The Company's gross margin for the quarter was 66%, compared to 57% for the second quarter of 2001 (excluding writeoffs
as detailed in the Company's 2001 reports).