An equipment was purchased by Nottingham plc. for £8,000 in the first year of its operations. The company spent £1,000 on transportation cost and another £1,500 on installation. After 3 months of use, the equipment broke down and £600 repair costs were incurred.

Nottingham plc. depreciates all its equipment at 10% straight line.

At what Net Book Value should the equipment be shown in Nottingham plc.'s statement of financial position at the end of Year 1?