How would you depreciate the new stadium and develop a


Gotham City is slowly recovering from the devastation depicted in The Dark Knight Rises. Among several other projects, the city is developing proposals to finance a new stadium for the Gotham City Rogues football team to be named in memory of former mayor Anthony Garcia. Several firms estimate construction costs of $800 million, which will be financed through a special property tax assessment.Regardless of the tax base, proceeds will be used to repay a 30-year secured loan for the full construction cost. This loan will have an interest rate of 4.15%, compounded annually.

Question: How would you depreciate the new stadium? Develop a depreciation schedule for your chosen method and explain your rationale. Assume a useful life of 40 years and no salvage value.

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Financial Accounting: How would you depreciate the new stadium and develop a
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