That foreclosure, involving a condo conversion in Naples, Fla., resulted in a write-off of $13 million.
The division's solar business also continued to be depressed, the company said, and it has taken action to cut costs including closing one of its two Chinese factories, resulting in a £16m write-off and £1m of restructuring costs.
The decision, which has resulted in a $147m write-off, will involve the closure of Disney's in-house studio, Avalanche Software, and in effect marks the entertainment giant's withdrawal from the console gaming sector.
Its acquisition of Nokia's handset business resulted in a $7.6 billion write-off and the elimination of 7,800 jobs.
The downsizing will result in the company taking a write-off of about $150 million in the second quarter of 1985, the Rolling Meadows, Ill.-based firm said.
Nobody will talk of a write-off.
Their crop was a write-off.
After he sold his company ViSalus Sciences to NYSE Blyth in early 2008, the global recession took the company to the brink of failure resulting in a complete write off of the stock and near bankruptcy.
This is WHY I hate your FRIENDS!" and the whole resulting atmosphere will be a write off.
New products were scrapped, resulting in multimillion dollar write-offs.
In the 1980s, for example, Israeli banks were pushed into making big loans of questionable viability to the country's socialist kibbutzim, resulting in a wave of write-offs and much recrimination.The degree of state ownership of banks varies from country to country (see chart 5).
