Paid $$45,000$ for a major inspection on a large shipping vessel. The inspection occurs approximately every three years, to ensure the continued functioning of the vessel. The company$$s last overhaul was completed $2\mathrm{.}5$ years ago and has a carrying amount of $$6,000($Cost: $$36,000).$

Required: Prepare the journal entry to record the transaction.

$1.$ Prepare the journal entry to derecognize the old component:

$2.$ Prepare the journal entry to recognize the new component:

Please provide clear explanations, thanks.