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.
Rescue teams, search dogs, and volunteers continued to search for survivors for a sixth day in the aftermath of the devastating mudslide in Washington's Snohomish County. The mudslide, which occurred Saturday morning, crashed down a hillside and destroyed more than 30 homes in the town of Oso. More than 90 people are still unaccounted for. The mudslide was likely caused by prolonged rainfall, according to Rex Baum, a research geologist with the U.S. Geological Survey.