BluJay Aviation has called on your business consulting company again for some 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.
Make a recommendation to BluJay. What are the pros and cons of this alternative? In your recommendation to BluJay, be sure to state the implications of your decision on all of the financial statements, not just the income statement.