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Welcome to Accounting Academy! Fitz and his dog FIFO love to help people learn about accounting. Today, they are assisting their friend Paul, who owns Pet Vet clinics. Paul needs help with accounting for changes in his leases, particularly with the expansion of one clinic. The new square footage is being added at a higher rate than the original, leading to increased costs for the expansion. Fitz and FIFO will guide Paul through accounting for these changes.
