Which of the Following Statements Is True Concerning the Election

Which of the following statements is true concerning the election of the alternate valuation date?

A) Only the properties that have decreased in value are valued on the alternate date.
B) All of the estate property is revalued on the alternative date, whether sold, distributed or remaining in the estate.
C) Property distributed is revalued while property sold is not.
D) The alternate date can only be used if the revaluation results in a lower total gross estate and lower estate taxes.