Amanda bought a policy before December $1,1982.$ On January $10,2020,$ the policy lapsed but was then reinstated. She is considering surrendering the policy today. Which of the following statements is true about the surrender of Amanda's policy? Possible Answers: A$)$The ACB under the new rules would be greater than it would be under the new rules. B$)$The policy gain would be equal to the ACB C$)$The policy was initially issued prior to December $1,1982$ and is therefore subject to the old rules. This will result in a higher ACB and therefore less tax upon surrender. D$)$The policy would be subject to the new taxation rules. This will most likely result in a lower ACB and therefore more tax upon surrender.