diff --git a/erpnext/assets/doctype/asset/asset.js b/erpnext/assets/doctype/asset/asset.js
index f81b26b2c8d..a8802c1d67e 100644
--- a/erpnext/assets/doctype/asset/asset.js
+++ b/erpnext/assets/doctype/asset/asset.js
@@ -36,6 +36,7 @@ frappe.ui.form.on("Asset", {
 	},
 
 	company: function (frm) {
+		frm.trigger("set_dynamic_labels");
 		erpnext.accounts.dimensions.update_dimension(frm, frm.doctype);
 	},
 
@@ -87,6 +88,7 @@ frappe.ui.form.on("Asset", {
 	},
 
 	refresh: function (frm) {
+		frm.trigger("set_dynamic_labels");
 		frappe.ui.form.trigger("Asset", "is_existing_asset");
 		frm.toggle_display("next_depreciation_date", frm.doc.docstatus < 1);
 
@@ -221,6 +223,10 @@ frappe.ui.form.on("Asset", {
 		}
 	},
 
+	set_dynamic_labels: function (frm) {
+		frm.set_currency_labels(["gross_purchase_amount"], erpnext.get_currency(frm.doc.company));
+	},
+
 	set_depr_posting_failure_alert: function (frm) {
 		const alert = `
 			<div class="row">
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",