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In this video tutorial by Accounting Academy, Fitz and his dog FIFO help their friend Paul, who owns a chain of veterinary clinics called Pet Vet, with accounting questions. Paul has modified some leases and needs assistance in accounting for the changes. One of the clinics is expanding, adding another thousand square feet at a higher market rate. The cost of the expansion exceeds the original square footage. Fitz guides Paul through the accounting process for the lease modifications.
