Definition of "Write-down"

Michael Grace real estate agent
Michael Grace, Real Estate Agent Berkshire Hathaway HomeServices Realty Results

Reduction of part of the balance of property by charging an expense or loss account. The reason for a write-down is that some economic event has occurred indicating that the asset's value has diminished.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Real Estate Terms

Popular Real Estate Questions