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An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. While there are many considerations when negotiating the type of transaction, tax implications and potential liabilities are the primary concerns.
Disposal by sale: A fixed asset to be sold is classified as held for sale in the period in which all of the following criteria are met: 1  Management commits to a plan to sell the asset. 2  The asset is available for immediate sale in its present condition. 3  An active program to locate a buyer has been initiated.