Problem 2 (10 Points) You are operating a limestone quarry that is estimated to contain 200,000 tons of limestone. The price you paid for the quarry was $4,000,000, and the value of the land without the limestone was $1,000,000. Last year, you extracted 60,000 tons, for a revenue of $2,100,000. Your expenses were $1,500,000. Use both the cost-depletion and percent-depletion methods to calculate the depletion allowance for last year