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, such as buildings, vehicles and office equipment, that are not consumed during the course of doing business are tangible assets. These assets are used in the process of doing business and are depreciated over time. Tangible assets are often listed under Plant, Property and Equipment on the Balance Sheet, and are consider high liquidity assets because they can easily be converted to cash.