diff --git a/erpnext/assets/doctype/asset/asset.json b/erpnext/assets/doctype/asset/asset.json
index ccd88a59226..253412de3b5 100644
--- a/erpnext/assets/doctype/asset/asset.json
+++ b/erpnext/assets/doctype/asset/asset.json
@@ -207,8 +207,8 @@
    "fieldname": "purchase_date",
    "fieldtype": "Date",
    "label": "Purchase Date",
-   "mandatory_depends_on": "eval:!doc.is_existing_asset && !doc.is_composite_asset",
-   "read_only_depends_on": "eval:!doc.is_existing_asset && !doc.is_composite_asset"
+   "read_only_depends_on": "eval:!doc.is_existing_asset && !doc.is_composite_asset",
+   "reqd": 1
   },
   {
    "fieldname": "disposal_date",
diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index 9544267dcb5..52f0eb3a7ed 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -91,7 +91,7 @@ class Asset(AccountsController):
 		opening_number_of_booked_depreciations: DF.Int
 		policy_number: DF.Data | None
 		purchase_amount: DF.Currency
-		purchase_date: DF.Date | None
+		purchase_date: DF.Date
 		purchase_invoice: DF.Link | None
 		purchase_invoice_item: DF.Data | None
 		purchase_receipt: DF.Link | None