If an object weighing 32lbs is acted upon by a net force of 32 lbs, what will be its acceleration?

That"s exactly the situation when you drop the object off the roof or out of a tree... then the net force on it is the ONLY force on it, I.e. the force of gravity, and its acceleration is the acceleration due to gravity ... 32 ft/sec^2 .

the acceleration would be 0 because lifting force up Is the same as the gravity going down. And therefore will not accelerate. The object has no net force