If you were appraising a church, which approach to value would be best to use?
A)sales comparison approach
B)cost approach
C)income capitalization approach
D)revenue multiplier

Question

Quizplus · Accepted Answer

The cost approach would be best to use when appraising a church. This approach takes into account the cost of constructing or replacing the church, as well as any depreciation or obsolescence. It is commonly used for properties that do not generate income, such as churches, schools, and government buildings.

If You Were Appraising a Church, Which Approach to Value