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Welcome to Accounting Academy with Fitz and FIFO. Today, they are helping their friend Paul, who owns a chain of veterinary clinics called Pet Vet. Paul needs assistance with accounting for modifications to his leases as his business expands. The first clinic is growing, and Paul is adding another thousand square feet at a higher market rate. This means the cost of expansion is higher than the original square footage. Join Fitz, FIFO, and Paul on their accounting adventure to solve his lease accounting challenges.
