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Welcome to Accounting Academy with Fitz and his dog FIFO, where they help people learn more about accounting. Today, they are assisting their friend Paul, who owns a chain of veterinary clinics called Pet Vet. Paul has made some changes to his leases and needs help accounting for them. One of the clinics is expanding by adding a thousand square feet at a higher market rate than the original space. The cost of the expansion is higher than the original square footage.
