(N/A) Let the two parallel wires be at $y=0$ and $y=l$. Suppose at $t=0$,the wire $XY$ is at $x=0$,and at time $t$,it is at position $x$.
$(i)$ The magnetic flux linked with the closed loop is $\phi = \vec{B} \cdot \vec{A} = B(t) l x$.
Induced $emf$ is $\varepsilon = -\frac{d\phi}{dt} = -\frac{d}{dt}[B(t) l x] = -l [B(t) \frac{dx}{dt} + x \frac{dB(t)}{dt}] = -l B(t) v - lx \frac{dB(t)}{dt}$.
The magnetic force on the wire is $F = IlB(t) = \frac{\varepsilon}{R} l B(t) = -\frac{l^2 B(t)}{R} [v B(t) + x \frac{dB(t)}{dt}]$.
Since $F = ma$,the acceleration is $a = -\frac{l^2 B(t)}{mR} [v B(t) + x \frac{dB(t)}{dt}]$.
$(ii)$ If $B$ is constant,$\frac{dB}{dt} = 0$,so $a = -\frac{l^2 B^2}{mR} v$.
$\frac{dv}{dt} = -\frac{l^2 B^2}{mR} v \implies \int_{u_0}^{v} \frac{dv}{v} = -\int_{0}^{t} \frac{l^2 B^2}{mR} dt$.
$\ln(\frac{v}{u_0}) = -\frac{l^2 B^2}{mR} t \implies v(t) = u_0 e^{-\frac{l^2 B^2}{mR} t}$.
$(iii)$ Decrease in kinetic energy $\Delta K = \frac{1}{2} m u_0^2 - \frac{1}{2} m v^2 = \frac{1}{2} m u_0^2 (1 - e^{-\frac{2l^2 B^2}{mR} t})$.
Heat lost $H = \int_0^t I^2 R dt = \int_0^t (\frac{Blv}{R})^2 R dt = \frac{B^2 l^2}{R} \int_0^t u_0^2 e^{-\frac{2l^2 B^2}{mR} t} dt$.
$H = \frac{B^2 l^2 u_0^2}{R} [\frac{e^{-\frac{2l^2 B^2}{mR} t}}{-\frac{2l^2 B^2}{mR}}]_0^t = \frac{1}{2} m u_0^2 (1 - e^{-\frac{2l^2 B^2}{mR} t})$.
Thus,$\Delta K = H$.