Which of the following regarding Section 1231 is false? A. In general, if gains from the disposition of 1231 assets exceed the losses from 1231 assets, the net gain is recognized as a long-term capital gain. B. If the losses exceed the gains, then the net loss is treated as an ordinary loss. C. Net 1231 gain is treated as ordinary income to the extent that it does not exceed all 1231 losses for the preceding five taxable years. D. The Tax Reform Act of 1984 introduced the ten-year averaging rule to offset the phenomenon created by Section 1231.