Which accounting assumption assumes that all accounting information is reported monthly or yearly? By definition the time period assumption presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepareâ¦d for those periods. Answer is Time period assumption. 1 person found this useful.
Average new home construction costs are approximately $100 per square foot. State averages range from $75 to $130 dollars. These figures are somewhat deceptive though, as are all averages. Obviously as with all averages, some cost a lot more and some cost a lot less.
Using these numbers we can estimate that the total cost to build the home will be $225 per square foot. If we do a little more quick math, that puts our total home construction cost at $562,500 ($225 x 2,500). As you can see, the cost per square foot is not as simple as it might seem.