Indicate whether the property acquired qualifies as replacement property for each of the following involuntary conversions: a. b. The Harts' personal residence is destroyed by a hurricane. They decide not to acquire a replacement residence but to invest the insurance proceeds in a house that they rent to tenants. Faiqa's personal residence is condemned. She uses the proceeds to invest in another personal residence. Tonya owns a storage warehouse used for business purposes. A flood destroys the building, and she decides to use the insurance proceeds to rebuild the warehouse in another state. Ramona owns an apartment building that is destroyed by a flood. She uses the insurance proceeds to build an apartment building nearby that is out of the flood zone. C. d