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.
Formal definition: Expenses use up assets. 1  An expense for office supplies, for instance, uses up cash assets. Spending for office supplies is an operating expense. 2  Purchasing a capital asset (such as a factory machine) results in an asset that decreases book value over time through depreciation expense.