An appraiser performs a income valuation using a cap rate requested by the client. Which is true?

The use of the cap rate should be stated in both the Scope and Work and the narrative sections of the appraisal report.

Using the cap rate would violate USPAP standards unless it happened to be the same rate that the appraiser would have used anyway.

The use of the cap rate should be stated only in the Scope and Work.

The use of the cap rate should be stated only in the narrative section of the appraisal report.