Solving for future consumption as a function of current consumption allows us to write the constraint in intercept-slope form as: In the diagrams below, the curves IC o represents levels of satisfaction (or utility) received from combinations of present and future consumption activity.
What Is the Waste or Dissipation of Assets? The wasting or dissipation of assets involves the frivolous and unjustified spending of assets by a spouse. There must be more than just the mismanagement of property or spending in a way that's disapproved of by the other spouse.
When current assets such as inventory, office supplies and store supplies are used up or consumed, they are no longer considered assets, but rather they are considered expenses. Fixed assets undergo a similar process called depreciation. Depreciation attempts to estimate the reduction in the value of fixed assets.