California asset-based loans use your your assets as income to secure a loan. Seller desires to sell and Buyer desires to purchase certain assets of Seller used in the Business in accordance with the terms and conditions contained herein.When we do a Purchase credit memo on a fixed asset it errors out saying the Acquisition cost must be positive. —————————— Samuel Champoux IT Director Asset purchases occur between a seller and buyer of a company's assets, including facilities, vehicles, equipment, stock, and inventory. If you bought a capitalizable asset on credit, then an asset account would be debited instead.