Goodwill is the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor. Depreciable tangible personal properties within the same General Asset Class in Revenue Procedure 87-56 or Product Class in the Standard Industrial Classification Manual. See Personal property under Like Property in chapter 1 of Publication 544 for detailed information. Items of property with the same nature or character. The grade or quality of the properties does not matter.
Examples are two vacant plots of land.
Land and generally anything erected on, growing on, or attached to land, for example, a building.