Article August 28, 1978 Issue

Depreciation disallowed

BARBARA JUERGENS FOX

Each year when our accountant prepares our income tax, she computes the allowable depreciation on our business. Many material things are considered to lose value with passing years—and it is also usually assumed that people will depreciate as time goes by.

Tax laws allow for property depreciation. But there is no law which allows the claim that the worth of the individual declines because time is elapsing.

On the contrary the Scriptures promise God's continuing support to those who seek Him and forsake evil: "Thine age shall be clearer than the noonday; thou shalt shine forth, thou shalt be as the morning." ^{Job 11:17;}

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