Each department will establish a Capital Asset Manager to ensure an effective countywide Capital. Asset Management Program.The Business Personal Property Unit assists in the assessment of this type of property. The Arizona transaction privilege tax (TPT) is actually a tax on a vendor for the privilege of doing business in the state. ASSET PURCHASE AGREEMENT Relating to Certain Assets of McARTHUR TOWEL AND SPORTS, INC. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Establish terms for sale and purchase of an asset. 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.