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State why accrual basis is more realistic for this situation

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Question - Cryptocuurency 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 company would account for the $5000 expenditure under the cash basis and the accrual basis. State why the accrual basis is more realistic for this situation.

Reference no: EM132638240

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