Select the best answer. Which of the following is correct regarding bonus depreciation under the TCJA? A. Bonus depreciation is 100% for 2018 and subject to a 20% decrease each year beginning in 2019. B. Bonus depreciation may be taken at either 50% or 100%, but an election is required if the 50% amount is chosen by the taxpayer. C. Bonus depreciation is 100% for assets placed in service after September 27, 2017 regardless of acquisition date. D. Bonus depreciation continues to be allowed strictly for new property. Submit Answers