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 comma 240 to replace today, whereas it cost $1 comma 099 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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