👉 In accounting, a "revenant" is a class of assets that are sold or transferred to another entity in exchange for cash. This can be useful in situations where an asset is being held on its face value by the owner, but has been depreciated over time due to wear and tear. Revenants are typically classified as either non-recurring or recurring based on when they were acquired. Revenants can include: 1. Long-lived assets (e.g., machinery and equipment)
