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.
Just how are square foot homebuilding costs determined? They are nothing more than the total cost of a home project divided by the total number of square feet in that home. So, an average 2,200 square foot home with total construction costs of $242,000 would cost $110 per square foot to build.