Question: A fixed asset with a 5 - year estimated useful life and no residual value is sold at the end of the second year of

A fixed asset with a 5-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 fixed asset?
1.Gain: decrease; Loss: decrease
2.Gain: increase; Loss: decrease
3.Gain: increase; Loss: increase
4.Gain: decrease; Loss: increase

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