A Plant Asset with a Five-Year Estimated Useful Life and No

Short Answer

A plant asset with a five-year estimated useful life and no residual value is sold at the end of the second year of its useful life.How would using the sum-of-the-years'-digits method of depreciation instead of the double-declining balance method of depreciation affect a gain or loss on the sale of the plant asset? $\begin{array}{lll}&\text { Gain } &\text { loss } \\\text { a. } & \text { Decrease } & \text { Decrease } \\b.&\text { Decrease } & \text { Increase } \\\text { c. } & \text { Increase } & \text { Decrease } \\\text { d. } & \text { Increase } & \text { Increase }\end{array}$