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What is Write Off
Write Off means a decrease of value of assets to zero.

Write Off (or Write-off) means a decrease of value of assets to zero.

Write off in practice: Written-off assets will lose all its value, because it cannot be reckoned with. This could include the car after the total destruction in an accident or uncollectible receivable or debt. Write-off in terms of accounting is reflected in the balance sheet.

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Last update: 25.06.2015

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