Dive Services is a charter boat business located in the Florida Keys. During 2020 Dive purchased new Emergency Position Radio Beacons (EPRB) for all company boats at a total negotiated price of $14,000. Dive was able to negotiate payment terms with the vendor of 2/10, n/30 and paid within the discount period. The beacons were shipped to Dive FOB shipping point with $1,100 of total freight. Dive spent $1,080 in labor to install the beacons and the beacons were in use on customer charters starting July 1.

Assuming Dive depreciates the beacons using the straight-line method with a 10% residual value and a 3-year useful life. What is the net book value of the beacons on Dive's balance sheet at 12/31/2020? (Round final answers to the nearest $1).

Group of answer choices

$11,900

$11,130

$9,800

$13,800

$9,540

$11,662

$9,604

$13,515

$11,925