On 1 February 20X6, Osmond Co acquired specialist mining equipment at a cost of $50m. The equipment has a useful life of five years and the company must decommission the equipment at the end of the five-year period. The estimated cost of this decommissioning in five years' time is 59m. Osmond Co's cost of capital is 14% per annum. The relevant five-year discount factor is 0.519. Osmond Co correctly recognised the equipment and provision for decommissioning costs on 1 February 20X6. No further accounting has been performed In relation to the asset and provision, what is the total expense that should be charged to the statement of profit or loss for year ended 31 January 20X7 (to the nearest $'000)? $ 1,000