Vector Inc

question 87

True/False

Vector Inc.'s office building burns down on October 31,2016.Vector,a calendar-year taxpayer,finally settles with the insurance company on February 3,2017.In order to defer the gain realized on the building,Vector must acquire another office building by February 3,2019.

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Definitions:

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all data falls within three standard deviations of the mean.

Bell-Shaped Distribution

Another term for the normal distribution, which is symmetric and has its highest point at the mean, decreasing in height as it moves away from the mean.

Silicon Valley

A region in California known as a global center for high technology, innovation, and social media, home to many startups and global tech companies.

NeXT Computer

A technology company founded by Steve Jobs in 1985, known for its innovative computers and software development until it was acquired by Apple Inc. in 1996.