Porsche's first fully electric electric production car, the Mission E, will be offered in three power levels, Britain's CAR magazine has learned. The fully electric sedan, due on sale in 2019, ...
What Is a Credit Card Debt Write-Off? When a credit card company decides that it has little or no chance of collecting a debt, it will write it off as a loss. Essentially, a credit card debt write-off is an accounting tool that allows the creditor to declare the debt a worthless asset and deduct it as a loss.
One common use for the write-off occurs when a seller's accounts receivable assets become non collectable. In that case, the seller writes off the debt by registering a Bad debt expense. A write-off (or write-down) is also called for when inventory assets lose some or all of their value. Note that inventory can lose value through obsolescence, changes in market demand, damage, spoilage, or theft.