On January 1, 208, Line Corporation acquired all of the common stock of Staff Company for $300,000, On that date, Staff's identifiable net assets had a fair valug of $250,000. The assets acquired in the purchase of Staff are considered to be a separate reporting unit of Line Corporation. The carrying Required: 1) Explain how goodwill is tested for impairment for a reporting unit. 2) Determine the amount, if any, of impairment loss to be recognized at December 31. 208