Neil Hodson, managing director for HPI explains: "The real risk with buying a write-off
is paying good money for a vehicle that's been badly repaired and is a danger to drive, or worst still, should probably never have been put back on the UK roads in the first place.
Instead, it was a case of write-offs
which directly benefited hundreds.
, growing card originations and the stabilizing of card balances are a precursor to balance increases, which can help to return the banks to profitability in this lending sector," said Michael Koukounas, Senior Vice President of Special Client Services for Equifax.
The mean can be compared to the benchmark figure of one to two years to determine whether a firm's allowance for doubtful accounts balance is reasonable in relation to subsequent write-offs
The AA therefore advises buyers of rebuilt write-offs
to check their insurance before paying for the car, or they risk ending up with an uninsurable car that can't go on the road.
This categorization would be relevant if the receivables write-off
was due to a one-time, unforeseeable event.
Other revised write-off
plans include 500 billion yen by the Bank of Tokyo-Mitsubishi, Mitsubishi Trust & Banking Corp.
We need to create a scheme to ensure (the outright write-off
of bad loans) keeps going,'' FSA Commissioner Shoji Mori told reporters.
One view of write-offs
of asset impairments is that management uses the accounting rules and manipulates earnings either by not recognizing impairment when it has occurred or by recognizing it only when it is advantageous to do so.
However, you won't be allowed any write-offs
if your home office is not your principal place of business.
But because Union Pacific had already used other tax breaks to reduce its tax rate to around 1 percent, these extra write-offs
were all but worthless to it.
Separate results that are adjusted for the write-offs
will also be reported.