$1\mathrm{.}6$Depreciation of an asset based on the number of hours of usage is a$($n$)$

a$.$ accelerated method

b$.$ replacement method

c$.$ time $-$based method

d$.$ activity $-$based method

$1\mathrm{.}3$Which of the following cost allocation methods are based upon the amount of use instead of time periods?

A$.$ Sum$-$of $-$the$-$years digits

B$.$ Activity method

C$.$ Double $-$declining

D$.$ Straight $-$lin

$\mathrm{.}19$ Which of the following is an example of an asset that would be depreciated?

a$.$ Land

b$.$ Trademarks

c$.$ Building

d$.$ Patents

$1\mathrm{.}20$ An accountant discovered an error had been made in computing depreciation expense in a prior year. How should this error be corrected in the financial statements?

A$.$ Prior period statements should be restated by adjusting retained earnings

B$.$ Current and future periods

C$.$ Current period only

D$.$ Future periods only