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I can explain Write-off

Removing an asset or receivable from the books when it is not coming back.

A write-off eliminates the recorded value of an asset or receivable that is uncollectible or worthless, often charging it to expense.

Sticky trick

Write-off = give up on the asset in the books. It hurts profit once, but stops lying later.

Take into the room

In plain English, what is Write-off?

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