Which one of the following situations would NOT allow a company with a year end of Dec. 31st to elect to defer the inclusion of the capital gains on the disposition by deducting it from the ACB of the replacement property? Assume there was a capital gain from the disposition of the asset. Select one:

a. Land was expropriated by the City to build a highway in November, 2020. The proceeds received were used to buy another piece of land in January 2022.

b. A truck was destroyed in a fire in November 2020. The insurance proceeds received were used to buy a new truck in January, 2021.

c. A warehouse was destroyed in a fire in November, 2020. The insurance proceeds were used to build a new warehouse in March, 2022.

d. A warehouse was sold in November, 2020 and the sale proceeds were used to build a new warehouse in March 2022.