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Uploaded on Sep 4, 2011
Kramer and jerry on Write off. BTW ...The term write-off describes a reduction in recognized value. In accounting terminology, it refers to recognition of the reduced or zero value of an asset. In income tax statements, it refers to a reduction of taxable income as recognition of certain expenses required to produce the income. Write-off is also used in vehicle insurance to describe a vehicle which is cheaper to replace than to repair, sometimes colloquially referred to as being "totaled" (a total loss).
SEINFELD S08E05 The Package - Season 8 - Episode 5 (Amazon.com)