An application of the three approaches in the appraisal of a new residence has developed the following value indications: Cost Approach $275,000 Sales Comparison Approach $245,000 Income Approach...

Extracted text: An application of the three approaches in the appraisal of a new residence has developed the following value indications: Cost Approach $275,000 Sales Comparison Approach $245,000 Income Approach $220,000 If we assume that all approaches were equally reliable, the range of value for this appraisal is $245,000 to $275,000 None of the above $220,000 to $275,000 $220,000 to $265,000