2024 5 Hour California Tax LawX Lesson 4 Question 16 Under the Tax Cuts and Jobs Act (TCJA), bonus depreciation increased to 60% for 2024 and applies to both new and used property. However, for California tax purposes, bonus depreciation is what percentage? A. 10%B. 25%C. 50%D. California does not conform to the Federal bonus depreciation for qualified property acquired and placed in service