Final answer:
No, loss on impairment of goodwill is not typically reported with amortization expense.
Step-by-step explanation:
The statement is false. Loss on impairment of goodwill is not typically reported with amortization expense. Goodwill is an intangible asset that arises when a company acquires another company at a premium. It represents the reputation and customer relationships of the acquired company. When the value of goodwill declines, it is considered impaired. The impairment loss is typically reported separately on the income statement.
On the other hand, amortization expense is associated with the allocation of the cost of intangible assets with a finite useful life. Intangible assets such as patents, copyrights, and trademarks are subject to amortization. However, goodwill does not have a finite useful life and is not amortized.