diff --git a/erpnext/patches/v16_0/migrate_asset_type_checkboxes_to_select.py b/erpnext/patches/v16_0/migrate_asset_type_checkboxes_to_select.py
index 868d53b8985..11f341ce65a 100644
--- a/erpnext/patches/v16_0/migrate_asset_type_checkboxes_to_select.py
+++ b/erpnext/patches/v16_0/migrate_asset_type_checkboxes_to_select.py
@@ -3,6 +3,16 @@ from frappe.query_builder import Case
 
 
 def execute():
+	required_columns = [
+		"is_existing_asset",
+		"is_composite_asset",
+		"is_composite_component",
+	]
+
+	# Skip patch if any required column is missing
+	if not all(frappe.db.has_column("Asset", col) for col in required_columns):
+		return
+
 	Asset = frappe.qb.DocType("Asset")
 
 	frappe.qb.update(Asset).set(