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.
However, it, too, is not a clear picture. In the example for average per-square-foot costs above, the median price would be $167. Per square-foot costs are used in construction. The square-foot cost to rebuild your home, if it's older, is going to be higher, most likely, than the cost to buy.