QUESTIION 3 Illustration 3: Commencement Date X Limited is commencing a new construction project, which is to be financed by borrowing. The key dates are as follows: i) 15 May 2017: Loan interest relating to the project starts to be incurred ii) 2 June 2017: Technical site planning commences iii) 19 June 2017: Expenditure on the project started to be incurred iv) 18 July 2017: Construction