During the year ended 30 September 20X4 Hyper Co entered into two lease transactions:
On 1 October 20X3 a payment of 340,000.
On 1 August 20X4 a payment of $18,000 for a nine-month lease of an item of excavation equipment.
What amount in total would be charged to Hyper Co's statement of profit or loss for the year ended 30 September 20X4 in respect of the above transactions?