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.
What are fixed assets? Fixed assets are a company's tangible, noncurrent assets that are used in its business operations. A common example of fixed assets is a manufacturer's plant assets such as its buildings and equipment. The word fixed indicates that these assets will not be used up or consumed or sold in the current accounting year.