Hypothetical appraisals

Business Valuation UpdateVol. 3 No. 8
August 1997
american society of appraisers (ASA), uniform standards of professional appraisal practice (USPAP)


Please explain what constitutes a "Hypothetical Appraisal". I have seen this term used in some of the BV publications ( i.e. PPC - Guide to Business Valuations ). Yet, I am not sure I ful ...