An asset purchase confers another benefit on the buyer as well: They receive a stepped-up tax basis in the assets purchased. Bargain Purchase Option – A provision of a lease agreement that allows the lessee to purchase.Edit, sign, and share Sale of Assets - Asset Purchase - Arizona online. No need to install software, just go to DocHub, and sign up instantly and for free. Complete the Header tab of the transaction. In the General Information section: a. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. Download Arizona Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. Follow the instructions below to fill out Statement of Assets and Liabilities - Asset Purchase - Arizona online easily and quickly: Sign in to your account.