IFrs $15$sets out criteria when a performance obligation is satisfied. Which one of th following statements is reasonable.

$1.$Buildings lts enters into a contract to construct a house for mr and mrs ali on the five hectares piece of land ali owns. The construction contract states that the Ali's own any work in progress as the hous is being built. Therefore buildings ltd control the asset as it is constructed.

$2.$Dunes inc contracts with movies ltd to write a screen play about an iconic lion. The screen play may take upto $18$months to complete. The contract states that dunes inc is only entitled to compensation for potential loss of profit if the contract were to be terminated. Dunes inc has an enforceable right to payment.

$3.$ Spray inc enters into a ten year commercial cleaning contract with rattle sounds inc spray inc cleans rattle sounds premises after hours. Spray inc recognises revenue over time because rattle sounds inc simultaneously receives and consumes the benefits as spray inc cleans

$4.$ Fabrication inc enters into a contract with lightning ltd to assemble a car component to be used in the construction of lightning's electric cars. At reporting date fabrication inc has sources standard inventory items which can be used in any component assembly. The standard inventory items have no alternative use to fabrication inc