When an asset is no longer useful, it should be sold, traded, or discarded. The first step in recording the disposal of a plant asset is to update depreciation. Updating depreciation involves recording the depreciation expense for the time between the date on which depreciation was last recorded and the disposal date.
The largest mudslide in recorded history occurred just 140 miles south of Oso, on the slope of Mount St. Helens, when the volcano erupted in May 1980. The intense heat from the eruption instantly turned more than 70% of the snow and glacial ice on the mountain to water.
Sandwiched between a steep, unstable hillside (with the La Conchita Ranch Company situated on the plateau directly over the community), and the Pacific Ocean, La Conchita has been the site of recent major mudslides: 1  On March 4, 1995 at 2:03pm, a mudslide buried or damaged seven homes, injuring no one.