written-down value
written-down value(WDV) The value of an asset for tax purposes after taking account of its reduction in value below the initial cost, as a result of its use in the trade. An asset acquired for a trade is eligible for capital allowances. A writing-down allowance of 25% is available in the year of purchase, which is deducted from the initial cost to establish the written-down value. In the following year the written-down value is subject to the 25% writing-down allowance, which is deducted to arrive at the written-down value at the end of the second year. The table shows the WDA and WDV for an asset acquired for £1000. The written-down value of the asset, for tax purposes, at the end of year 2 is £563.
Written-down value.
- focus group
- focus-group facility
- focus-group moderator
- focus strategy
- follow-the-leader strategy
- follow-up
- FOMC
- Food and Agriculture Organization
- footprint
- FOOTSIE
- forbearance
- forced continuity
- forced saving
- forced scale
- force-field analysis
- force majeure
- forecasting
- foreclosure
- foreign bill
- foreign bond
- Foreign Corrupt Practices Act 1977
- foreign currency cross-rate
- foreign exchange
- foreign-exchange broker
- foreign-exchange dealer