Denmark Industries Ltd (a calendar year C corporation formed in 2019) purchased a pew computer storage system (5-year class) on September 1, 2019 for $178,000. It was the only fixed asset purchased in 2019. Denmark's net income was $25,000 before any cost recovery deductions on this asset for 2019. In 2019 assume that Denmark elected to take the Section 179 election for the full cost of the asset, so that no bonus depreciation nor any regular depreciation was taken. This resulted in a Section 179 carry over from 2019 to 2020. In 2020 Denmark purchased no fixed assets but had taxable income of $150,000 before any cost recovery deductions. What is the maximum amount of the cost recovery deduction (including Section 179 and Bonus Depreciation) that Demark can claim in 2020? $150,000 $37,470 zero $153,000