Goodwill and Intangible Assets

The sum of goodwill and intangible assets.

See the following link for the definition of an intangible asset:
Intangible Asset.

See the following link for the definition of goodwill:
goodwill.

Goodwill is categorized separately from other intangible assets because goodwill is both unidentifiable and indefinite.

For example, a company's reputation (goodwill) does not have a specific time frame and cannot be assigned a fair value. But a company's patent has both a time frame and can be assigned value.

= Goodwill + Intangible Assets