👉 In accounting, a reversionable asset is an asset that can be recovered from its original cost through a sale or other disposition. This means that the asset has been transferred to another party and it is no longer expected to be returned to the original owner for recovery. Reversionable assets are typically those with a finite life cycle, as they will eventually pass through their useful life and become non-recoverable. Examples of reversionable assets include inventory, accounts receivable, and goodwill. To
