In an asset purchase transaction, the vendor is the company that owns the assets. A bulk sale occurs outside the normal course of business of a seller.It may involve the sale of inventory, other assets of a business or both. In an asset purchase transaction, the vendor is the company that owns the assets being sold. In contrast, an asset purchase allows buyers to selectively acquire specific assets and liabilities of a company. Land Purchase – All direct costs of acquiring and preparing the land for service should be included in the capitalized cost of the asset. When adding a new fixed asset to the books, you'll need to set up a depreciation schedule.