Property Valuation
Which Massachusetts property would most likely be appraised using the cost approach as the primary method?
AA three-bedroom house in a well-established Boston suburb
BA newly built municipal water treatment plant✓ Correct
CA 10-unit apartment building in Worcester
DA retail strip center in a suburban mall area
Explanation
Special-use properties like a water treatment plant have no comparable sales and do not generate conventional income. The cost approach (depreciated replacement cost) is the most appropriate primary method.
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