writing-down allowance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “writing-down allowance” in the English Dictionary

"writing-down allowance" in Business English

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writing-down allowancenoun [C]

uk   us   ACCOUNTING, FINANCE, TAX
the ​percentage of the ​value of ​assets that a ​company can ​include in its ​profitcalculations for a particular ​period to ​reduce the ​amount of ​tax it ​pays: The writing-down ​allowance for most ​plant and ​machinerypurchases is 20%.
(Definition of writing-down allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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