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treasury wine estate, the world's largest pure-play winemaker, shocked markets and investors in July when it admitted an over supply of poor and unwanted wine

treasury wine estate, the world's largest pure-play winemaker, shocked markets and investors in July when it admitted an over supply of poor and unwanted wine in the United States would trigger a 160 million write-down and include a 35 million charge to destroy past-its-date wine stocks. What would be the journal entry for the write-downs?

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