3 Not yet answered Marked out of 10.00 Flag question PLEASE SAVE YOUR PROGRESS REGULARLY PLEASE DO NOT INCLUDE $ SIGNS (OR OTHER CHARACTERS) IN YOUR NUMERIC RESPONSES Please consider each scenario independently. Scenario 1: On December 1, 2019, Rent-A-Place Inc. rented out a small apartment to a new tenant. On this date, the tenant signed a 12-month lease and paid a $1,000 damage deposit. On November 30, 2020, the tenant moved out of the apartment. Rent-A-Place withheld $500 of the damage deposit to cover several repairs. The remaining damage deposit was returned to the tenant. Using the table below, determine when Rent-A-Place should recognize revenue for the $1,000 damage deposit: Revenue Recognition Criteria Reasonably assured to be collectable Reasonably assured to be measurable Performance achieved Date revenue should be recognized Date Criterion is Met December 1, 2019 November 30, 2020 Identify one expense that would be "matched" against this revenue