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.
The creepiest place on Earth: Inside the Disney World water park where a boy was killed by rare amoeba before it was shuttered and left to rot for 15 years. Just around the river bend is an abandoned Disney water park left by the multibillion dollar company to decay for 15 years.