Question

Which of the following is reported as part of discontinued operations? Select one: a. Amortization expense. b. Impairment losses for intangible assets. c. Research and development costs. d. None of these answer choices are correct.

Answer 1

Answer: d. None of these answer choices are correct.

Step-by-step explanation:

Amortization expense reflects the reduction in value of an intangible asset during its lifetime and so therefore is not a discontinued operation, Impairment losses for intangible assets are part of ongoing operations as well.

Research and development costs are period expenses and are not included as part of discontinued operations. None of these options are therefore correct.