JJ Corp. constructed a new building to house their manufacturing operations and they funded the construction through a construction loan from their bank. If JJ does not capitalize any interest costs during the period of construction, which of the following statements is false?

Group of answer choices

Interest expense will be overstated in the period of construction

Depreciation expense will be understated throughout the life of the building

Property, Plant & Equipment will be understated on the balance sheet

Net income will be overstated in the period of construction.

Net income will be overstated throughout the useful life of the building