Question: Big Security Lock - Up Corp. requires a $ 5 0 0 deposit with every unit rented. On 1 / 1 5 / 2 5

Big Security Lock-Up Corp. requires a $500 deposit with every unit rented. On 1/15/25, Jane rents a unit from Big Security Lock-Up Corp. and gives a cash security deposit of $500. How much of this $500 should Big Security Lock-Up recognize as revenue on 1/15/25?

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