write-down definition
The reduction of an asset's carrying amount. For example, we often reduce or write down inventory from its cost to its net realizable value when the net realizable value is lower.
The reduction of an asset's carrying amount. For example, we often reduce or write down inventory from its cost to its net realizable value when the net realizable value is lower.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.