diff --git a/erpnext/assets/doctype/asset/asset.json b/erpnext/assets/doctype/asset/asset.json
index 8e75762a92d..487f67669ff 100644
--- a/erpnext/assets/doctype/asset/asset.json
+++ b/erpnext/assets/doctype/asset/asset.json
@@ -518,6 +518,7 @@
    "read_only": 1
   },
   {
+   "default": "0",
    "depends_on": "eval:doc.docstatus > 0",
    "fieldname": "additional_asset_cost",
    "fieldtype": "Currency",
@@ -596,7 +597,7 @@
    "link_fieldname": "target_asset"
   }
  ],
- "modified": "2025-05-20 00:44:06.229177",
+ "modified": "2025-10-23 22:43:33.634452",
  "modified_by": "Administrator",
  "module": "Assets",
  "name": "Asset",
@@ -641,4 +642,4 @@
  "states": [],
  "title_field": "asset_name",
  "track_changes": 1
-}
+}
\ No newline at end of file
diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index e35ebf6ed06..929a60d0e6d 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -69,6 +69,7 @@ class Asset(AccountsController):
 		default_finance_book: DF.Link | None
 		department: DF.Link | None
 		depr_entry_posting_status: DF.Literal["", "Successful", "Failed"]
+		depreciation_completed: DF.Check
 		depreciation_method: DF.Literal["", "Straight Line", "Double Declining Balance", "Manual"]
 		disposal_date: DF.Date | None
 		finance_books: DF.Table[AssetFinanceBook]
@@ -152,7 +153,9 @@ class Asset(AccountsController):
 						)
 		self.validate_expected_value_after_useful_life()
 		self.set_total_booked_depreciations()
-		self.total_asset_cost = self.gross_purchase_amount
+
+	def before_save(self):
+		self.total_asset_cost = self.gross_purchase_amount + self.additional_asset_cost
 		self.status = self.get_status()
 
 	def on_submit(self):
diff --git a/erpnext/controllers/buying_controller.py b/erpnext/controllers/buying_controller.py
index fb5cc130f0b..643fafb74ab 100644
--- a/erpnext/controllers/buying_controller.py
+++ b/erpnext/controllers/buying_controller.py
@@ -878,6 +878,7 @@ class BuyingController(SubcontractingController):
 				"asset_category": item_data.get("asset_category"),
 				"location": row.asset_location,
 				"company": self.company,
+				"status": "Draft",
 				"supplier": self.supplier,
 				"purchase_date": self.posting_date,
 				"calculate_depreciation": 0,
diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index 0abf1b42ee4..4e05b974d16 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -422,3 +422,4 @@ execute:frappe.db.set_single_value("Accounts Settings", "fetch_valuation_rate_fo
 erpnext.patches.v15_0.add_company_payment_gateway_account
 erpnext.patches.v15_0.update_uae_zero_rated_fetch
 erpnext.patches.v15_0.update_fieldname_in_accounting_dimension_filter
+erpnext.patches.v15_0.set_asset_status_if_not_already_set
diff --git a/erpnext/patches/v15_0/set_asset_status_if_not_already_set.py b/erpnext/patches/v15_0/set_asset_status_if_not_already_set.py
new file mode 100644
index 00000000000..ac0af708de4
--- /dev/null
+++ b/erpnext/patches/v15_0/set_asset_status_if_not_already_set.py
@@ -0,0 +1,13 @@
+import frappe
+from frappe.query_builder import DocType
+
+
+def execute():
+	Asset = DocType("Asset")
+
+	query = (
+		frappe.qb.update(Asset)
+		.set(Asset.status, "Draft")
+		.where((Asset.docstatus == 0) & ((Asset.status.isnull()) | (Asset.status == "")))
+	)
+	query.run()