So why wouldn't this cause tension force to be smaller than mg? If object is 10kg then you have a 98N object. Then another force going opposite mg (say 48N) so net force in the down direction of 50N. Wouldn't tension force then be 50N which is less than mg?
I don't know why I'm having so much trouble with this. It seems like a simple enough problem.
if I understand your example correctly you have an mg= 98N pointing down and you say another force, tension, in opposite direction 48N (which then it has to be pointing up) and correctly you will have a NET force that will be 50N and pointing DOWN, since down is bigger than up.... so you will accelerate downwards
the way I think about these questions is that anytime you have a NET force in any direction, you will accelerate in that direction (regardless of gravity (g) and other forces) because this is our Fnet that takes into account all the forces acting...
now going back to your example when you have a net force pointing down, then you will be accelerating downwards (not upwards/decelerating as the original questions says)... and that is because your tension force is less than mg (50N vs 98N)
what I would do is to think of F
net, Fgravity, and Tension all separately
Imagine we drop a box 10kg (attached to a string) from some hight:
at first tension<mg, like your example, T=49N and Fgrav=98N.... so the box will accelerate downwards because Fgravity, which is the bigger force, is pointing down:
F(net)=mg-T
Fnet=ma=98-49= 50N down
so now you can use the Fnet=m(a)=10a, so a=5m/s^2 down
here the box is falling downwards at a=5 not a=g=9.8 (because there is a tension force acting on the box in the opposing direction)
now lets assume T>mg, the box is still falling/being lowered, but someone is pulling on the string creating the tension force upwards to slow down the falling, e.g. T=149N and Fgrav=mg=98N
so now
Fnet=T-mg
Fnet=ma=149-98=50N up
so Fnet=50=10(a), so a=5m/s^2 up
here the box is still falling down (or being lowered) but at a=5 pointing up... all it means it's that the box is slowing down... if at t=0s is going v=20m/s then at t=1s is going v=15m/s... t=2s then v=10m/s... basically changing it's velocity by 5 m/s every second
I hope this helps a bit and it's not confusing....