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Question:

When comparable sales are unavailable or inadequate and a property generates no income, an appraiser would likely use the ____

A cost approach.
Explaination

The cost approach is the best answer selection. As the property does not generate income, neither answer capitalization approach or gross multiplier approach are applicable as they are both based on the income approach. Further, answer sales comparison approach may be eliminated as there is insufficient sales data of comparable properties available to make a comparison.