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The covenant not to compete and the goodwill are both amortizable assets amortized over fifteen year life under section 197. See article below from The Tax Advisor for a more complete discussion. https://www.thetaxadviser.com/issues/2021/may/tax-issues-noncompete-agreements.html As for the price paid for fixtures snd equipment, you have the price that the purchaser paid, and it is to be allocated over the assets that were purchased and depreciated over their respective tax lives. If you have the seller's depreciation schedule, you can use that as a starting point for your allocations of the purchase price For the depreciable assets, and use each individual asset's basis compared to the total of its category as a starting point first or the allocations.