§ 336 Asset Write-Down Authority

• •The boss can make a company lower the value of something it owns if it's not worth as much anymore.
• •This is to make sure the company's books show the real value of what it has.
• •It can happen anytime the boss thinks it's needed.

A company owns a bunch of old computers that it bought for $1,000 each, but now they're only worth $200 each.

The boss can tell the company to change the value of the computers in their records from $1,000 to $200 to show they're not worth as much anymore.