Difference between Write-down and Write-off

What is the difference between Write-down and Write-off?

Write-down as a noun is a depreciation, or a lowering in the price or value of something while Write-off as a noun is the cancellation of an item; the amount cancelled or lost

Write-down

Part of speech: noun

Definition: a depreciation, or a lowering in the price or value of something

Write-off

Part of speech: noun

Definition: The cancellation of an item; the amount cancelled or lostSomething that is now worthless (such as a car after an accident)

Part of speech: verb

Definition: To reduce the book value of (an asset) to zero.

We hope you now know whether to use Write-down or Write-off in your sentence.

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