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Topical Terminology > Write-off



5 Definitions

Write-off

For Write-off we have terms and definitions in 5 topics. The topics are Accounting, Finance, Frauds and Scams, Motorcyle Insurance and Real Estate.



Write-off (Accounting)

is to decrease the value of an iteme.g.a tax write-off decreases tax liabilitya vehicle involved in an accident can be declared a write-off if the cost to repair is in excess of the value of the vehicle.


Write-off (Finance)

Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.


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Write-off (Frauds and Scams)

The act of charging an asset amount to expense or loss to reduce or eliminate the value of the asset, which reduces profits. Write-offs are taken in accordance with allowable tax depreciation of a fixed asset, and with the amortization of certain other assets.


Write-off (Motorcyle Insurance)

When it is deemed pointless to spend money on repairs due to their cost or the bike is unrecoverable or inherently unsafe.


Write-off (Real Estate)

The accounting procedure used when an asset has been determined to be uncollectible and is therefore charged as a loss




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