Goodwill The value of all favorable attributes that relate to a company

that is not attributable to any other specific asset, (p. 9-21).

Intangible assets Rights, privileges, and competitive advantages that
result from the ownership of long-lived assets that do not possess
physical substance, (p. 9-20).
Licenses Operating rights to use public property, granted to a business
by a governmental agency, (p. 9-21).