I have reviewed many appraisal reports where the appraiser performs the Cost Approach just because the client requests it, even though it is not considered a credible approach to the market value of the subject property. I see some of the same boilerplate statements in these reports, such as “due to the lack of land sales, the appraiser utilized the extraction (or abstraction) method.” (By the way, both “extraction” and “abstraction” are correct. For purposes of this article, I will call it the extraction method.)