BluJay Aviation has called on your business consulting group again for advice. Brad has decided that they should extend the life of the aircraft from an original estimate of 15 years to 20 or 25 years. Three years have already been taken on the aircraft. He believes this will allow them to show a larger profit

What are the alternatives and the reasons for doing this? What are the pros and cons? What would be the implications of the financial statements, not just the income statement?