Consider the following statements regarding the income approach. Which of the statements are TRUE?

The cost of repairs considered a one$-$time payment and immediately required at the time of appraisal, should be deducted as a lump sum from the property's final value.

Items specific to an owner or investor are omitted in the calculation of net operating income.

The income approach cannot be applied to an owner$-$occupied commercial building.

Direct capitalization is the only technique used in the income approach of appraisal.

A and D only

B and C only

C and D only

A and B only