noun In accounting, the act of considering something a loss, or the item itself. As a noun, the phrase is hyphenated. ... As a noun, the phrase is hyphenated. The car was totaled, so it ended up being a write-off.
Is it writeoff or write-off?
Write-Offs vs.
The difference between a write-off and a write-down is just a matter of degree. A write-down is performed in accounting to reduce the value of an asset to offset a loss or expense. A write-down becomes a write-off if the entire balance of the asset is eliminated and removed from the books altogether.
How do you use write-off in a sentence?
Write-off sentence example
- Besides, teachers have been paying for their own supplies and training for years, so paying for the class is probably the least of your worries, and it might make a good write-off at tax time. ...
- Donating is free, and you get a tax write-off!
