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How much would a homeowner receive with actual​ cash-value coverage and replacement cost coverage for a​...

How much would a homeowner receive with actual​ cash-value coverage and replacement cost coverage for a​ three-year old sofa destroyed by a​ fire? The sofa would cost $1,170 to replace​ today, whereas it cost $1,049 three years​ ago, and it has an estimated life of six years. With actual​ cash-value coverage, the amount the owner would receive for the sofa would be ​$_____ ​(Round to the nearest​ dollar.)

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