View example sentences and word forms for Writedown.
Writedown meaning
An adjustment; a precise amount adjusted by an act of writing down or entering an asset and its value; a reduction of an asset, written down or otherwise recorded as such.
Example sentences (7)
British American Tobacco announced a substantial writedown of about GBP25B for some US brands, resulting in a steep selloff.
By way of a brief recap, HMD Global emerged from the ashes of Microsoft’s ill-conceived Nokia devices acquisition a decade ago, a move that spawned a $7 billion “goodwill” writedown following Satya Nadella’s promotion to the CEO hot seat.
The writedown reflected decreased profitability, it said.
It’s believed to be the largest such writedown in Exxon history.
This is after considering the writedown of ₹8,415 crore of AT 1 bonds (the Cabinet’s approved scheme had no mention of it).
About half of the loss was the result of a £245m non-cash writedown of the value of the group’s goodwill, which represents the value of intangible assets such as the power of a brand and good employee and customer relations.
The potash company took a writedown due to the permanent closure of its mine in New Brunswick.