Written-Down Value

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August 31, 2024 4 min read Definitions
Balancing Allowance: Financial Adjustment in Asset Disposal
Finance Accounting Balancing Allowance Asset Disposal Taxation Written-Down Value Balancing Charge
The balancing allowance is an accounting adjustment available on the disposal of an asset when the proceeds are less than the written-down value for tax purposes.
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August 31, 2024 4 min read Definitions
WDV: Written-Down Value
Accounting Finance Written-Down Value Depreciation Asset Management Financial Accounting Amortization
Written-Down Value (WDV) is a measure used in accounting and finance to represent the net value of an asset after accounting for depreciation or amortization.
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August 31, 2024 4 min read Definitions
Written-Down Value: Tax Purpose Asset Valuation
Finance Accounting Written-Down Value Depreciation Taxation Capital Allowances Financial Reporting
The written-down value (WDV) of an asset refers to its value for tax purposes after accounting for depreciation from its initial cost. This is crucial for tax calculations, capital allowances, and financial reporting.
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