Property Valuation
The cost approach to value is most useful for which type of property?
ARental apartment complexes
BSingle-family residences in active markets
CSpecial-purpose properties like churches and schools✓ Correct
DVacant land only
Explanation
The cost approach is most reliable for special-purpose properties (churches, schools, government buildings) where no comparable sales or income data exist, and for new or recently constructed improvements.
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