Jacobs Company replaced carpeting throughout its general offices. The old carpet was removed at a cost of $1,500 on March 15. The book value of the old carpet was $6,000 on March 15 ($18,000 original cost less $12,000 accumulated depreciation).

New carpet was purchased and installed during the last two weeks of March for a total cost of $45,000. The carpet is estimated to have a 15-year useful life.

a. Record the cost of removing the old carpet.

b. Prepare the journal entries necessary for recording the replacement of the old carpet with the new carpet.

c. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Jacobs uses the straight-line method.