A write-off refers to the formal recognition that a portion or all of an asset's value is no longer recoverable, leading to its removal from the company's balance sheet. In the context of post-investment value creation and monitoring, write-offs are important because they signify that an investment has underperformed or has failed, prompting the need for strategic reevaluation and decision-making regarding future actions and resources.
congrats on reading the definition of Write-off. now let's actually learn it.