Meaning of “written-down value” in the English Dictionary

business-english dictionary

"written-down value" in Business English

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written-down valuenoun [ U ]

uk us also WDV abbreviation ACCOUNTING

the value that a company gives an asset in its accounts after reducing it to allow for depreciation:

Machinery will usually be sold at its tax written-down value to avoid any balancing charge to the vendor.

(Definition of “written-down value” from the Cambridge Business English Dictionary © Cambridge University Press)