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Definitions from the Web

Writedowns

Definition: Writedowns refer to the accounting process of reducing the estimated value of an asset, such as stocks, bonds, or real estate, to reflect its current market value or lower condition.

Example sentences:

1. The company had to make significant writedowns on its real estate holdings due to declining property prices.
2. After conducting a thorough examination of its inventory, the retailer decided to implement massive writedowns on obsolete items.
3. Investors were disappointed when the corporation announced unexpected writedowns in its quarterly financial statements.

Related products:

• Writedown Accounting Books
• Writedown Valuation Tools
• Writedown Evaluation Software