14. To be recorded as an asset, an item must meet four specific conditions. Three of them are: it must have been acquired at measurable cost, it must be obtained or controlled by the entity, and it must have been obtained or controlled in a past transaction. Which one of the following is the fourth condition? The item must have a measurable resale value It must be expected to have future economic benefits It must have been fully paid for The entity must have a legal document confirming ownership of the item