Write-off

The car was a write-off.

Nobody was hurt in the accident, but the car was a total write-off.

If you are eager to manufacture the recharging unit, the analyst will be tempted to write-off the equipment over its physical life and provide you with a lower breakeven volume. If you prefer to outsource, the analyst will be tempted to write-off the equipment over its tax life and provide you with a higher breakeven volume.

This has spurred major efforts to write-off loans by the two pilot banks and considerable progress at the largest of the SOCBs (the ICBC).

Provided that where the Collector or any of his subordinates is responsible for the collection of any tax, […] the power to write-off such tax, […] on the ground of its being irrecoverable, shall be exercised by the Commissioner of Land Administration […]