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.
In light of the recent mudslides, hereâs what you need to know. Why do mudslides occur? Mudslides, also known as debris flows, are a type of landslide that can occur after a natural disaster, such as a wildfire. Debris flows often contain mud, rock and other materials.