Correct option: (b)
The density of wood is less than that of water.When a piece of wood is immersed deep inside a long column of water and released, it experiences a buoyant force that gives it an upward acceleration. The velocity of wood increases as its motion is accelerated by the buoyant force. However, the viscous drag force acts simultaneously to oppose its upward motion. As a result, the initial acceleration decreases and the wood rises with a decreasing upward acceleration.