Property Valuation
The cost approach to value is most useful for appraising:
AA single-family home in an active resale market
BSpecial-use properties like schools, churches, and government buildings✓ Correct
CAn apartment building generating rental income
DA vacant commercial lot
Explanation
The cost approach — estimating land value plus depreciated cost of improvements — is most appropriate for special-use or unique properties where comparable sales are limited or do not exist.
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