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10. Which of the following is TRUE regarding the application of the cost approach in the valuation of retail properties? (1) The cost approach is

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10. Which of the following is TRUE regarding the application of the cost approach in the valuation of retail properties? (1) The cost approach is most commonly relied upon for valuing existing centres with an established rental history. (2) The cost approach is most commonly relied upon for valuing existing centres with a stable outlook. (3) The cost approach is relevant in testing the feasibility of proposed construction or renovations/ expansion. (4) The cost approach must always be applied in the valuation of retail properties

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