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S3-5 Cryptocurrency Finder is buying the first computer for their new server farm. Suppose the company paid $5,000 for this computer, which it expects

S3-5 Cryptocurrency Finder is buying the first computer for their new server farm. Suppose the company paid $5,000 for this computer, which it expects to last for three years. Describe how the company would account for the $5,000 expenditure under (a) the cash basis and (b) the accrual basis. State in your own words why the accrual basis is more realistic for this situation.

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