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.
Assets. With regards to assets, revenue expenditures are those that simply maintain an asset for regular use in company operations. For example, maintenance and repairs are expenses that show immediately on the income statement. Even if you hire someone to do an extensive repair, the cost is considered an expense.ecause of the purpose, size and cost of capital expenditures, you do not record them on the income statement as an expense. Instead, you record them on the balance sheet as an asset with any offsetting liability -- for example, the loan used to acquire the asset.