5) Section 1231 property is: A) Property used in a trade or business that is subject to depreciation and is held for more than one year B) Property used in a trade or business that may or may not be subject to depreciation and held for less than one year. C) All property used in a trade or business regardless of how long the asset is held. D) Property used in a trade or business that may or may not be subject to depreciation and is held for more than one year