When creating a new revenue recognition rule, two common default recognition methods are typically available. The first method is 'Straight-line, by even periods,' where revenue is recognized evenly over the specified periods. The second method is 'Straight-line, prorate first and last period (period rate),' which means that revenue is recognized evenly, but the first and last periods may be prorated to account for partial periods at the beginning and end of the recognition term. These two methods ensure that revenue is spread out in a logical manner over the recognition period.