Write it off

Write, it, off!: Page 2 of 3 Physicians Practice

write it off

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To transfer (information, data, programs, etc.) from storage to secondary storage or an output medium. Show More verb (used without object wrote or (Archaic) writ; written or (Archaic) writ; writing. To trace or form characters, words, etc., with a pen, pencil, or other instrument or means, or as a pen or the like does: he writes with a pen. To write as a profession or occupation: She writes for the daily Inquirer. To express ideas in writing. To write a letter or letters, or communicate by letter: Write if you get work. To compose or work as a writer or author. To write into a secondary storage device or output medium.

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A reduction in book value; depreciation. A person or internship thing that is given up as hopeless or pointless: joe's college career is a write-off. Show More, origin of write-off, first recorded in 174555; noun use of verb phrase write off rahyt verb (used with object wrote or (Archaic) writ; written or (Archaic) writ; writing. To trace or form (characters, letters, words, etc.) on the surface of some material, as with a pen, pencil, or other instrument or means; inscribe: Write your name on the board. To express or communicate in writing ; give a written account. To fill in the blank spaces of (a printed form) with writing: to write a check. To execute or produce by setting down words, figures, etc.: essay to write two copies of a letter. To compose and produce in words or characters duly set down: to write a letter to a friend. To produce as author or composer: to write a sonnet; to write a symphony. To trace significant characters on, or mark or cover with writing. To cause to be apparent or unmistakable: Honesty is written on his face.

One example is when Rupert Murdoch 's News Corp bought Wall Street journal publisher Dow Jones at a 60 premium in 2007, which News Corp. Later had to write down.8 billion because of british declining advertising revenues. 1 A writedown is sometimes considered synonymous with a write - off. 2 The distinction is that while a write - off is generally completely removed from the balance sheet, a writedown leaves the asset with a lower value. 3 As an example, one of the consequences of the 2007 subprime crisis for financial institutions was a revaluation under mark to market rules: "Washington Mutual will write down by 150 million the value of 17 billion in loans". 4 see also edit references edit External links edit retrieved from " p? Title Write - off oldid "). Rahyt-awf, -of, see more synonyms on m noun a cancellation from the accounts as a loss.

write it off

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Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from retained revenues. Negative write -offs edit a negative write - off refers to the decision not to pay back an individual or organization that has overpaid on an account. Negative write -offs can sometimes be seen as fraudulent activity if those who overpay a claim or bill are not informed that they have overpaid and are not given any chance to reconcile their overpayment or be refunded. Some institutions such as banks, hospitals, universities, and other large organizations regularly perform negative write -offs, especially when the amount is considered low (e.g., 5 at some institutions or up to 15 or more at others). Citation needed Writedown edit a writedown is an accounting treatment that recognizes the reduced value of an impaired asset. The value of an asset may change due to fundamental changes in technology or markets. One example is when one company purchases another and pays more than the net fair value of its assets and liabilities. The excess purchase price is recorded on the buying company's accounts as goodwill. If it becomes apparent that the purchased asset no longer has the value recorded in the goodwill account (i.e., if the asset cannot be resold at the same price the value in the goodwill asset account is "written down".

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write it off

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In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the writing income. Contents, income tax edit, in income tax calculation, a write - off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of 50,000 per year, a 100 telephone for business use would lower the taxable income to 49,900. If that person is in a 25 tax bracket, the tax due would be lowered. Thus the net cost of the telephone is 75 instead of 100.

Accounting edit, in business accounting, the term write - off is used to refer to an investment (such as a purchase of sellable goods) for which a return on the investment is now impossible or unlikely. The item's potential return is thus canceled and removed from written off the business's balance sheet. Common write -offs in retail include spoiled and damaged goods. In commercial or industrial settings, a productive asset may be subject to write - off if it suffers failure or accident damage makefile that is infeasible to repair, leaving the asset unusable for its intended purpose. Banking edit similarly, banks write off bad debt that is declared non collectable (such as a loan on a defunct business, or a credit card due that is in default removing it from their balance sheets. A reduction in the value of an asset or earnings by the amount of an expense or loss.

I wrote off to my parents for some money, but I think they are ignoring. I wrote off for money. I need money so i wrote off to my parents. See also: off, write write off. Reduce an asset's book value to zero because it is worthless, as in The truck was wrecked completely, so we can write it off. Cancel from an account as a loss, as in Since they'll never be able to pay back what they owe, let's just write off that debt.


Late 1800s Also see charge off, def. Regard as a failure or worthless, as in There was nothing to do but write off the first day of our trip because of the bad weather, or She resented their tendency to write her off as a mere housewife. Amortize, as in we can write off the new computer network in two years or less. Also see charge off, def. See also: off, write. From wikipedia, the free encyclopedia, jump to navigation, jump to search. For insurance write -offs, see, total loss. A write - off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset.

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Can I write this off on my report income taxes? I'll write off this trip on my taxes. See also: off, write write something off to for absorb a debt or a loss in accounting. The bill couldn't be collected, so we had to write it off. The bill was too large, and we couldn't write off the amount. We decided to sue. See also: off, write write off (to someone) (for something) to send a written request for something away to someone.

write it off

We almost wrote off the investment as a dead loss. To take a charge against one's taxes. Can I write this off as a deduction, or disadvantages is it a dead loss? Can I write off this expense as a tax deduction? See also: off, write write someone or something off to drop someone or something from consideration. The manager wrote tom off for a promotion. I wrote off that piece of swampy land as worthless. It can't be used for anything. See also: off, write write something off (on one's taxes) to deduct something from one's income taxes.

something into something. I had to write jill off as a future executive. The company wrote off the electric automobile as a dependable means of transportation. He would never work out. We wrote him off. To give up on someone or something as a dead loss, waste of time, hopeless case, etc. Don't write me off as a has-been.

At the time, i wrote off his behavior as just a product of stress from work. Obviously now I can see it was short more than that. Most people wrote off the comment as a simple gaffe, but I think it had a deeper significance. To send a written message, often a request. When I was a kid, i used to write off to my favorite athletes asking them for autographs. Mom is not happy with the bill so she's writing off a letter to the company. Noun In accounting, something considered a loss. All of these write -offs will significantly change our valuation. Noun In accounting, the act of recording an asset as having no value.

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In accounting, to consider something resume a loss. In this usage, a noun or pronoun can be used between " write " and " off." we've been keeping these outstanding payments on the books, but we need to write them off as a loss. In accounting, to record an asset as having no value. In this usage, a noun or pronoun can be used between " write " and " off." That equipment can no longer be used, so we are writing it off. To dismiss as insufficient, worthless, or a failure. In this usage, a noun or pronoun can be used between " write " and " off." Don't write off, joe so fast. He's smarter than you think. I could tell that they wrote me off as soon as I walked on the court, but that just motivated me to play harder. To disregard something due to perceiving it as unimportant or not warranting special attention.


write it off
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A write - off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. Write off definition, a cancellation from the accounts as a loss.

3 Comment

  1. 1.)When something involves feelings, close to your chest and the only way to express them is to write it off. 2.)When you have to write an essay for school and it s stressing you out you have to write it off. 3.)When one has to express ideas in a free style manner they could write it off.

  2. What made you want to look up write - off? Please tell us where you read or heard it (including the", if possible). A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off certain expenses that are required to run the business, or have been incurred in the operation of the business and detract from retained revenues.

  3. In accounting, to consider something a loss. In this usage, a noun or pronoun can be used between write and off. we ve been keeping these outstanding payments.

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