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The Southern Baptist Convention resolved in 2013 to "exhort all Southern Baptists to tithe cheerfully and give sacrificially as good stewards of God’s blessings to their local churches." [ 27 ] Article XIII the Baptist Faith and Message recognizes a Christian obligation to contribute without specifically mention a tithe. [ 28 ]
In tax law, amortization refers to the cost recovery system for intangible property.Although the theory behind cost recovery deductions of amortization is to deduct from basis in a systematic manner over an asset's estimated useful economic life so as to reflect its consumption, expiration, obsolescence or other decline in value as a result of use or the passage of time, many times a perfect ...
The tax basis of an asset subject to cost recovery must be reduced by deductions allowed for such cost recovery. [5] For example, if Joe claimed $25,000 of depreciation deductions on his building, his adjusted basis would be the $90,000 as above less $25,000, or $65,000.
The revenue theory of cost, also referred to as Bowen's law or Bowen's rule, is an economic theory explaining the financial trends of American universities. It was formulated by American economist Howard R. Bowen (1908–1989), who served as president of Grinnell College , the University of Iowa , and the Claremont Graduate School .
Special rules have also applied for bio fuel, recycling, and disaster assistance property. [9] Decoupling modification is a tax terminology resulting from the federal tax law enacted March 9, 2002, which created a new tax deduction for "bonus depreciation" that threatened to cost states very large amounts of revenue. [10]
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The Economy of God, first published in 1968, is one of Witness Lee's principal works and is a compilation of messages he gave in the summer of 1964 in Los Angeles. These messages build on one of Watchman Nee 's classics, The Spiritual Man , which reveals that man is composed of three parts - spirit, soul, and body.
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