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.
If you ask me, a reasonable minimum is 100 square feet per person. (I live alone in a house with an 8â x 12â interior, and it suits me wonderfully.) The national average price per square foot for new construction is $125/square foot, but that can go as high as $500/square foot for custom work.