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.
Expense: A decrease in ownerâs equity due to using up assets. 1  An expense for delivery vehicle fuel, for instance, uses up cash assets. 2  The firm may purchase capital assets, such as a fleet of delivery vehicles, Depreciation expense, over time decreases the book value of these assets.