An impairment loss on a long-lived asset (asset group) to be held and used is reported by a
business enterprise in

Answer (D) is correct.
An impairment loss is included in income from continuing operations
before income taxes by a business enterprise (income from continuing
operations in the statement of activities by a not-for-profit organization).
When a subtotal for “income from operations” is reported, the
impairment loss is included.