👉 Non-reversion is a concept in accounting and economics that refers to an event or situation where a financial asset's value goes back to its original cost after it has been recorded. This means that the asset's value does not change, even though its purchase price has changed.
Non-reversion can occur due to many reasons such as:
1.
Accounting Standards
: Non-reversion is based on accounting standards set by the International Accounting Standard Committee (IASC) and the Financial Accounting Standards Board (
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What is the definition of Nonreversion? 🙋
