Description: Rogers Communications has contradicted some initial reporting that the Rogers Centre – the building originally called the Skydome – is not going to be torn down; well, at least not for now. Earlier on Friday the Globe and Mail reported the building would be razed. The notion was that Rogers and Brookfield Capital Management would construct a smaller stadium, leaving land for retail, office, and residential space, as well as additional parkland. The Centre, with its famous retractable roof, has perhaps been best known as the home of the Toronto Blue Jays.
Date: November 27, 2020
1) Have you ever visited the Rogers Centre? What event did you attend?
2) What do you think of this plan to build a new stadium with a grass field and to develop a number of other facilities?
3) Chapter 9 of Wiley’s Financial Accounting: Tools for Business Decision-Making talks about accounting for property, plant, and equipment, including the subject of depreciating capital assets. Do some research to determine if you can find out how many years the Rogers Centre is being depreciated over. Is the building nearing the end of its estimated useful life?