A business bought 500 computer games at 10 each which it would normally sell at 25 each.

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A business bought 500 computer games at £10 each which it would normally sell at £25 each. However, a virus has caused the games to crash, and they are now worthless. How would the games be valued in a statement of financial position?

(a) £10 each

(b) £25 each

(c) Zero value

(d) At the expected profit of £15 each

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