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.
Non-Current Assets. Non-current assets are assets other than the current assets. While current assets are assets which are expected to be converted to cash within the next 12 months or within normal operating cycle of a business.In other words, these are assets which are expected to generate economic benefits over more than one year.Classification of assets into current and non-current is important because non-current assets are illiquid, i.e. they cannot be easily converted to cash or cash equivalents.on-current assets are assets other than the current assets. While current assets are assets which are expected to be converted to cash within the next 12 months or within normal operating cycle of a business. In other words, these are assets which are expected to generate economic benefits over more than one year.