Company X and Company Y acquire an intangible asset on January 1,2019 with a useful life of five years. Both companies are identical, except Company X uses straight- line amortization, while Company Y uses double-declining accelerated amortization. In its final year, which company will have higher (a) earnings, and (b) higher assets on December 31,2023 (five years later)?

Higher earnings: Company Y / Higher assets: no difference

Higher earnings: Company Y / Higher assets: Company Y

Higher earnings: Company X / Higher assets: Company Y

Higher earnings: Company X / Higher assets: no difference