When the corporation sells the assets, those sales are reported in the year the proceeds are received.
Most asset sales will be reported on Form 4797. See the instructions at http://www.irs.gov/pub/irs-pdf/i4797.pdf for a table of what section of Form 4797 to use for particular assets. Of course, most tax software will place the items in the proper sections based on inputs of sales price and holding period.
Gain or loss on the sale will be reported in the corporate tax return.
Both the buyer and the seller of business assets must report to the IRS the allocation of the sales price among the business assets on Form 8594 (Asset Acquisition Statement Under Section 1060) which will be attached to the buyer and seller's federal tax return for the year of the sale.
See http://www.irs.gov/instructions/i8594/ch01.html#d0e60 for the classes of assets that must be allocated part of the purchase price. Preferably the allocation amounts are agreed between the buyer and seller and specified in the purchase agreement.
The "consideration fo the daily sales the business is taking in and the number of years the business is running" is at least partly allocated to Class VII assets (in tax terminology- goodwill and going concern value).
Those are the main required forms for a corporation selling assets that will continue in existence.
Although it is much more technically demanding to qualify as an exchange rather than a sale and the later purchase of assets used in the trade or business, there may be use for Form 8824 to allow gain (and tax on the gain) to be defered into the replacement assets.
An intermediary is generally required to facilitate the exchange and prevent the seller from having access to the proceeds until the exchange is accomplished.
"Generally, if you exchange business or investment property solely for business or investment property of a like kind, section 1031 provides that no gain or loss is recognized. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized."
This may or may not be feasible or applicable to the situation; but when selling one business and buying another it can represent significant current tax saving.
New Jersey does require a purchaser of business assets to file Form C-9600
NOTIFICATION OF SALE, TRANSFER, OR ASSIGNMENT IN BULK but sales tax is likely not required as this type of sale is probably exempt as an occasional or an isolated sale. This is quite fact sensitive and should be verified with a local practitioner to sure the rules are applied properly to the particular facts. See www.state.nj.us/treasury/taxation/pdf/other_forms/misc/c9600.pdf
Those are the basics of a corporation selling assets to help inform you of the general rules. Please ask if you need clarification or start another thread if you wish to discuss a topic (such as like kind exchange).