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The Michelle Cook Law Firm uses a client database. Suppose Michelle Cook paid $5,000 for a computer. Requirements: Describe how the business should account for

The Michelle Cook Law Firm uses a client database. Suppose Michelle Cook paid $5,000 for a computer.

Requirements:

Describe how the business should account for the $5,000 expenditure under

A. the cash basis

B. the accrual basis

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