During the year a piece of equipment that originally cost $96,000, with accumulated depreciation of $39,000, met the criteria of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations to be classified as held for sale.

The equipment is being advertised for sale at $46,000 and costs of $1,000 will be incurred to enable the sale to be completed.

At what value should the equipment be included in the statement of financial position at the year end assuming that it remains unsold?

Give your answer to the nearest whole number.