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.
A mudslide, sometimes called a âdebris flowâ, is a landslide with a high water content. Mudslides act like a river that, if the mud is thick, has the consistency of wet concrete. Mud, rocks, trees, and other large objects are carried along and can cause homes to collapse and a huge amount of traumatic injury to residents.