First of all, for an economic resource to be recognized as an asset, it must have a capacity of providing future benefit. Secondly, it must be controlled by the business and lastly the transaction that caused future benefit and control must occur in the past. The control property here indicates that an economic resource must be fully under control of a business but other parties don’t have a right of providing benefit from it. When the business rents a building to use in the operations, it cannot be recognized as an asset because the business doesn’t have full control on building. The correct answer is B.