Final answer:
While decreasing the force exerted back to zero, the object's velocity is decreasing because the applied force which causes acceleration is reduced, leading to a reduction in velocity.
Step-by-step explanation:
When you apply a force of about 400 N and then after 2 seconds you start decreasing the applied force slowly back to zero over roughly 2 seconds, the velocity is decreasing. This is because the force exerted on the object is responsible for changes in velocity, which is a result of acceleration. When the force begins to decrease, so does the acceleration, which means the velocity will also start to decrease.