One of the better videos here, eventhough he missed a half second pointing the cam down. Pure gore. Bam, splat crunch, the sounds are awesome too. This was Gods plan for her and the truck driver. Bless them!
P. imp school 101: In economics and accounting, the destruction of an asset is often referred to as asset disposal or de-recognition. This term encompasses the process of removing a long-term asset from a company's financial records. While "destruction" is a specific type of disposal, the broader term covers a range of events, including:
Selling the asset.
Scrapping or physically destroying the asset (e.g., due to damage, obsolescence, or it being at the end of its useful life).
Donating the asset.
Trading it in for a new one.
From a financial perspective, when an asset is destroyed, it results in a loss on disposal, which is recorded on the company's income statement. The value of the loss is the difference between the asset's book value (its original cost minus accumulated depreciation) and any proceeds from the disposal (which would be zero in the case of destruction with no salvage value).
Selling the asset.
Scrapping or physically destroying the asset (e.g., due to damage, obsolescence, or it being at the end of its useful life).
Donating the asset.
Trading it in for a new one.
From a financial perspective, when an asset is destroyed, it results in a loss on disposal, which is recorded on the company's income statement. The value of the loss is the difference between the asset's book value (its original cost minus accumulated depreciation) and any proceeds from the disposal (which would be zero in the case of destruction with no salvage value).