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.
Mudslide shuts Pacific Coast Highway in Ventura County between Calleguas Creek and Mugu Rock. A stretch of Pacific Coast Highway in Ventura County was shut down in both directions early Sunday because of a mudslide, but officials anticipated reopening the road in the evening.