Glossary entry (derived from question below)
Norwegian term or phrase:
avskriving x nedskriving
English translation:
depreciation x impairment
Added to glossary by
Salvador Scofano and Gry Midttun
Sep 20, 2016 13:30
7 yrs ago
8 viewers *
Norwegian term
Norway
Salvador Scofano and Gry Midttun
Engineer:Oil&Gas/Electron/Finan/Law/HSEQ
Native in: Norwegian 
, Portuguese
Works in: English to Portuguese, Norwegian to Portuguese, Portuguese to Norwegian, and 19 more.
avskriving x nedskriving
Norwegian to English
Bus/Financial
Accounting
I have difficulties with the 2 terms. Especially because some dictionaries provide the same translation for the terms, but definitely they are different things.
Ex. 7. Annen driftskostnad, av- og nedskriving. 8. Finansinntekt og kostnad, ekstraord. Inntekt og kostnad. 10. Immaterielle eiendeler ol. 20.
Thanks in advance!
Salvador
Ex. 7. Annen driftskostnad, av- og nedskriving. 8. Finansinntekt og kostnad, ekstraord. Inntekt og kostnad. 10. Immaterielle eiendeler ol. 20.
Thanks in advance!
Salvador
Proposed translations
(English)
| 5 +2 | depreciation x impairment |
Paul Lambert
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| 3 +2 | depreciation, write down |
Leif Henriksen
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| 5 | depreciation/amortisation |
Charlesp
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| 4 -1 | write-off vs. write-down |
Adrian MM. (X)
|
Proposed translations
+2
3 mins
Paul Lambert
Sweden
Sweden
Native in English
Specializes in field
Sweden
Always on time
Native in: English 
Works in: Swedish to English, Norwegian to English, Danish to English
Related KudoZ points
:
11
Selected
depreciation x impairment
Depreciation is usually scheduled over time and refers only to the fall in value of an asset associated with the passage of years.
Impairment is a real loss in value based on actual information that the value of an asset has fallen in real terms of resale/recovery value.
Impairment is a real loss in value based on actual information that the value of an asset has fallen in real terms of resale/recovery value.
Peer comment(s):
| agree |
Christopher Schröder
5 hrs
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Thank you, Chris
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| agree |
Charlesp
: yes, exactly.
23 hrs
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Thank you, Charles
|
4 KudoZ points awarded for this answer.
Comment: "Thanks to all of you!"
+2
7 mins
Leif Henriksen
Norway
Norway
Native in Norwegian
Norway
Experienced - accurate - on time
Native in: Norwegian , Norwegian (Bokmal)
Works in: English to Norwegian, German to Norwegian, English to Norwegian (Bokmal), and 4 more.
Related KudoZ points
:
24
Norwegian term (edited):
avskriving, nedskriving
depreciation, write down
Avskriving = depreciation, mainly based on taxation rules
Nedskriving = write down, mainly based on a factual reduction in value of an asset
Nedskriving = write down, mainly based on a factual reduction in value of an asset
Peer comment(s):
| agree |
Paul Lambert
: Sure, "write down" works as well.
1 hr
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| agree |
Christopher Schröder
5 hrs
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| neutral |
Charlesp
: I've been thinking about this, and I don't think that "write down" is what is meant here in this context with nedskriving. It could be "write down," if it was stated independently, and as a separate category.
23 hrs
|
-1
1 hr
write-off vs. write-down
Lingusitically and financially, an 'obvious' distinction.
NB a capital allowance in the UK is a writing-down and not write-off mechanism.
--------------------------------------------------
Note added at 16 hrs (2016-09-21 06:02:51 GMT)
--------------------------------------------------
amount written off on reducing-balance vs. straight-line depreciation: https://books.google.at/books?id=tSwrDAAAQBAJ&pg=PA210&lpg=P...
NB a capital allowance in the UK is a writing-down and not write-off mechanism.
--------------------------------------------------
Note added at 16 hrs (2016-09-21 06:02:51 GMT)
--------------------------------------------------
amount written off on reducing-balance vs. straight-line depreciation: https://books.google.at/books?id=tSwrDAAAQBAJ&pg=PA210&lpg=P...
Reference:
http://www.investopedia.com/ask/answers/070715/what-difference-between-writeoff-and-writedown.asp
Peer comment(s):
| neutral |
Christopher Schröder
: False friend /// Your amended answer is technically OK but still potentially misleading I feel given the very different alternative meaning; depreciation is the standard term, so why not use it? The asker is really only asking about nedskrivning anyway...
4 hrs
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It's not write-off in the sense of 'utrangeringar' but amount written off assets on reducing-balance or straight-line depreciation (cf. my added note) vs. amount written down you seem to have accepted 'as a false friend' on Leif's answer.
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| disagree |
Charlesp
: yea, that's not the proper terminology //
I don't see how you get "write-off" from"avskriving"
22 hrs
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they are both a linguistic and a cost-accounting fit in terms, as mentioned, of amount(s) written off and down.
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23 hrs
depreciation/amortisation
nedskriving may refer to amortisation of goodwill (a form of depreciation).
As there is no such thing as depreciation of goodwill, these two terms are used in conjunction with each other, one for tangible/material assets and the other for intangible assets. But together they mean the same thing.
However goodwill is no longer permitted to be amortised. Instead an impairment test needs to be made every year. That is why "impairment" should usually be used as the term, and not amortisation.
However, and this is a bit complicated, as for certain types of companies, straight-line amortisation of goodwill is still allowed. (see FASB Accounting Standards Update No. 2014-02, Intangibles—Goodwill). But this only applies to private companies.
As there is no such thing as depreciation of goodwill, these two terms are used in conjunction with each other, one for tangible/material assets and the other for intangible assets. But together they mean the same thing.
However goodwill is no longer permitted to be amortised. Instead an impairment test needs to be made every year. That is why "impairment" should usually be used as the term, and not amortisation.
However, and this is a bit complicated, as for certain types of companies, straight-line amortisation of goodwill is still allowed. (see FASB Accounting Standards Update No. 2014-02, Intangibles—Goodwill). But this only applies to private companies.
Peer comment(s):
| neutral |
Christopher Schröder
: To keep the asker sane: Amortisation is *not* an alternative translation of nedskrivning // With goodwill you're looking at impairment // No, amortisation of goodwill would be avskrivning
16 mins
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Then how would you translate "nedskriving of goodwill"?//
I agree that "nedskriving" is "impairment" -- for public companies
However for private companies, it is "amortisation" (in this context)
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Discussion