Which is false?

a. A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale.

b. Capitalizable borrowing costs from a specific-type of borrowing shall be the actual borrowing costs less any investment income on the temporary investment of the specific-type borrowings.

c. An entity shall begin capitalizing borrowing costs as part of the cost of a qualifying asset on the completion date.

d. borrowing costs incurred while land is under development are capitalized during the period in which activities related to the development are being undertaken.

e. borrowing costs incurred while land acquired for building purposes is held without any associated development activity do not qualify for capitalization.