Dive Services is a charter boat business located in the Florida Keys. During 20X2 Dive purchased new Emergency Position Radio Beacons (EPRB) for all company boats at a total negotiated price of $8,400. 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 $328 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 12/31/20X2? (Round final answers to the nearest $1).