n an exchange, Archie gave up his fully depreciated business-use dump truck (FMV $15,000) and $5,000 for a newer business-use dump truck (FMV $20,000). The exchange was completed on January 12, 2018. Which of the following statements is TRUE in regard to Archie's exchange of business-use property? A) Archie will not be able to defer a gain on his exchange because beginning in tax years after December 2017, Section 1031 like-kind exchanges only apply to exchanges of real property. B) Archie exchanged business-use property for another property that was also business-use, so he will be able to use the like-kind exchange treatment to defer his gain. C) Beginning after December 2018, Archie will be able to use Section 1031 like-kind exchange treatment on personal and intangible property. D)Archie sold the business-use property in 2018 during the transition period for like-kind exchanges that are not real property exchanges.