Keltron Inc. is a calendar-year taxpayer. On December 1, 2010, Keltron isnotified that the state plans to acquire one of Keltron's warehouses. Theproperty had an adjusted basis of $400,000. On January 15, 2011, the statecondemns the property and pays Keltron $500,000. When does Keltron'sreplacement period end for replacing the asset in order to avoid recognizinggain?

A) January 15, 2013

B) December 31, 2013

C) January 15, 2014

D) December 31, 2014