Concept:
Use the identity
\[
\cos\left(\frac{A-C}{2}\right)
=
\sin\left(\frac{B}{2}+\frac{A-C}{2}\right)
=
\sin\left(\frac{A+B-C}{2}\right).
\]
Since
\[
A+B+C=\pi,
\]
this simplifies to
\[
\cos\left(\frac{A-C}{2}\right)
=
\sin\left(\frac{\pi-2C}{2}\right)
=
\cos C.
\]
Also, if the sides are in A.P., then
\[
2b=a+c.
\]
Step 1: Express the left-hand side using a standard identity.
Using
\[
\cos\left(\frac{A-C}{2}\right)
=
\sin\left(\frac{A+B-C}{2}\right),
\]
and
\[
A+B+C=\pi,
\]
we get
\[
\cos\left(\frac{A-C}{2}\right)
=
\sin\left(\frac{\pi}{2}-C\right)
=
\cos C.
\]
Hence,
\[
b\cos\left(\frac{A-C}{2}\right)
=
b\cos C.
\]
Step 2: Use the A.P. condition.
Since the sides are in arithmetic progression,
\[
a+c=2b.
\]
Therefore,
\[
(a+c)\sin\frac{B}{2}
=
2b\sin\frac{B}{2}.
\]
Step 3: Use the half-angle formula.
In any triangle,
\[
\sin\frac{B}{2}
=
\sqrt{\frac{(s-a)(s-c)}{ac}}.
\]
Since
\[
b=\frac{a+c}{2},
\]
we have
\[
s=\frac{a+b+c}{2}
=
a+c.
\]
Thus,
\[
s-a=c,
\qquad
s-c=a.
\]
Hence,
\[
\sin\frac{B}{2}
=
\sqrt{\frac{ac}{ac}}
=
1.
\]
Therefore,
\[
(a+c)\sin\frac{B}{2}
=
a+c
=
2b.
\]
Also, using the cosine rule with \(b=\frac{a+c}{2}\),
\[
\cos C=\frac{2}{\,a+c\,}.
\]
Hence,
\[
b\cos C
=
b\cdot\frac{2}{a+c}
=
1.
\]
Therefore, the equivalent expression among the given options is
\[
\boxed{(a+c)\sin\frac{B}{2}}.
\]
\[
\boxed{\text{Answer = (B)}}
\]