diff --git a/erpnext/assets/doctype/asset/asset.js b/erpnext/assets/doctype/asset/asset.js
index dff9092189f..a8802c1d67e 100644
--- a/erpnext/assets/doctype/asset/asset.js
+++ b/erpnext/assets/doctype/asset/asset.js
@@ -224,7 +224,7 @@ frappe.ui.form.on("Asset", {
 	},
 
 	set_dynamic_labels: function (frm) {
-		frm.set_currency_labels(["net_purchase_amount"], erpnext.get_currency(frm.doc.company));
+		frm.set_currency_labels(["gross_purchase_amount"], erpnext.get_currency(frm.doc.company));
 	},
 
 	set_depr_posting_failure_alert: function (frm) {
@@ -315,7 +315,7 @@ frappe.ui.form.on("Asset", {
 			},
 		});
 	},
-	
+
 	render_depreciation_schedule_view: function (frm, asset_depr_schedule_doc) {
 		let wrapper = $(frm.fields_dict["depreciation_schedule_view"].wrapper).empty();
 
@@ -395,7 +395,6 @@ frappe.ui.form.on("Asset", {
 		datatable.style.setStyle(`.dt-cell--col-3`, { "font-weight": 600 });
 	},
 
-
 	setup_chart_and_depr_schedule_view: async function (frm) {
 		if (frm.doc.finance_books.length > 1) {
 			return;
diff --git a/erpnext/assets/doctype/asset/asset.json b/erpnext/assets/doctype/asset/asset.json
index e797415ee3e..79a5099b730 100644
--- a/erpnext/assets/doctype/asset/asset.json
+++ b/erpnext/assets/doctype/asset/asset.json
@@ -229,7 +229,7 @@
    "fieldtype": "Currency",
    "label": "Net Purchase Amount",
    "mandatory_depends_on": "eval:(!doc.is_composite_asset || doc.docstatus==1)",
-   "options": "Company:company:default_currency",
+   "options": "currency",
    "read_only_depends_on": "eval: doc.is_composite_asset"
   },
   {
@@ -597,7 +597,7 @@
    "link_fieldname": "target_asset"
   }
  ],
- "modified": "2025-12-23 16:01:10.195932",
+ "modified": "2026-03-13 12:15:25.734623",
  "modified_by": "Administrator",
  "module": "Assets",
  "name": "Asset",