Well, the more the air resistance, the lower the acceleration.
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Going back to definitions, Velocity is change of distance with time; and acceleration is change in velocity with time. Initially, the velocity is zero, as is the acceleration, BUT the Force of Gravity attracts the falling mass, and causes velocity to appear. But the continued application of the Force of Gravity causes the velocity to increase. And as we know, increase in velocity is acceleration. [space for QED]
It depends if it is affected by air resistance or not. If not then all objects close to the surface of the Earth have an acceleration of 9.81ms^-2 in free fall. If it is affected by air resistance you need all sorts of more information to answer that question, like the drag coefficient of the air.
the final velocity assuming that the mass is falling and that air resistance can be ignored but it is acceleration not mass that is important (can be gravity) final velocity is = ( (starting velocity)2 x 2 x acceleration x height )0.5
it will increase
If air resistance can be ignored, the distance in meters is 4.9t2. Note that 4.9 is half the numerical value of Earth's acceleration (9.8 meters per second square).