David W. answered 05/27/19
Music Theory Professor and Composer with 5+ Years Teaching Experience
The appeal of augmented chords, like that of diminished 7th chords, is their ambiguity. Each of the resolutions you mention works precisely because the chord divides the octave into equal parts—tonality, remember, depends on the asymmetry of the major and minor scales.
As far as telling the key of a piece—if the composer has been punctilious about spelling, you might be able to conclude something from how an augmented chord is spelled. It's still two stacked thirds; so it's either C-E-G#, or E-G#-B#, or Ab-C-E. Which one is the root should tell you something about how it's being used.