Which of the following is false in relation to the computation of capitalized interest cost for an entity? Capitalized interest on the qualifying asset cannot exceed the interest cost incurred during the period. Interest income from the unused portion of the construction loan may be used to offset the capitalized interest costs for a given period. Capitalized interest cost is determined by applying an interest rate to the average amount of accumulated expenditures on the asset for the period. When the accumulated expenditures outstanding exceed the funds available to a specific borrowing, the weighted average interest rate on the entity's other debt is applied to the excess