Let's break down the expression step by step:

(1325 + 435) : 2^3 - 14 x (4^2 - 2023^0)

First, let's simplify the exponent:

(1325 + 435) : 2^3 - 14 x (4^2 - 1)

Next, let's calculate the exponent:

(1325 + 435) : 8 - 14 x (16 - 1)

Now, let's simplify the addition:

1760 : 8 - 14 x (16 - 1)

Next, let's calculate the division:

220 - 14 x (16 - 1)

Now, let's simplify the subtraction:

220 - 14 x 15

Next, let's calculate the multiplication:

220 - 210

Finally, let's calculate the subtraction:

10

Therefore, (1325 + 435) : 2^3 - 14 x (4^2 - 2023^0) equals 10.