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In this excerpt from his famous Concluding Unscientific Postscript, Kierkegaard declares that faith is the highest virtue, far superior to reason. The latter can render belief in God only a barren probability, a dry uncertainty or approximation; but the former gives you a deeply fulfilling subjective certainty. This risky "leap of faith" requires an utmost act of will-an extreme passion-to believe what cannot otherwise be believed, to believe what is absurd. Great absurdities (such as Christianity's central story, says Kierkegaard) require great, passionate faith, and such faith is "the highest truth there is for an existing human being."
-Kierkegaard says that Socrates was the most ignorant of real truth.
Accelerated Depreciation
A method of depreciation in which an asset loses book value at a faster rate than the traditional straight-line method.
Tax Purposes
The specific reasons or objectives behind the calculation or payment of taxes, often influencing financial decisions and reporting.
Modified Accelerated Cost Recovery System (MACRS)
A method of depreciation applied in the United States that allows for faster write-offs of assets to encourage investment.
Class Life
The expected useful lifetime of a fixed asset, which determines the depreciation rate for tax and accounting purposes.
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