How much would a homeowner receive with actual cash-value coverage and replacement cost coverage for a 3-year-old sofa destroyed by a fire? The sofa would cost

$1,190

to replace today, whereas it cost

$952

3 years ago, and it has an estimated life of 6 years.

Part 1

With actual cash-value coverage, the amount the owner would receive for the sofa would be

(Round to the nearest dollar.)

Part 2

With replacement coverage, the amount the owner would receive for the sofa would be

(Round to the nearest dollar.)