Sylvan is using the cost approach to estimate a specific property's value. What's he using to determine this property's value?

• A. The Average Value of Similar Construction Across the Country
• B. The Cost to Acquire the Land and Construct a Reproduction of the Structures on the Property
• C. The Expenses the Property is Expected to Produce for the Owner
• D. The Income the Property Will Make Annually

Answer: (B)