You can categorize the downloaded credit card transactions so they will be tied to the fixed asset account. Here's how to do it.An asset purchase involves the acquirer buying some or all of the assets of the target company, with the proceeds paid to the target company itself. Respond quickly and win your case in court. Asset purchases occur between a seller and buyer of a company's assets, including facilities, vehicles, equipment, stock, and inventory. Question: King wanted to purchase the business but explained that he could not afford to pay the entire amount in cash. A company's balance sheet should be interpreted when considering an investment as it reflects their assets and liabilities at a certain point in time. In this video I'm going to talk about entries related to purchasing assets for your business.