diff --git a/erpnext/assets/doctype/asset/asset.js b/erpnext/assets/doctype/asset/asset.js
index 07eb2b2b4d69..eea44697d638 100644
--- a/erpnext/assets/doctype/asset/asset.js
+++ b/erpnext/assets/doctype/asset/asset.js
@@ -188,11 +188,21 @@ frappe.ui.form.on("Asset", {
 			frm.toggle_reqd("finance_books", frm.doc.calculate_depreciation);
 
 			if (frm.doc.is_composite_asset) {
-				$(".primary-action").prop("hidden", true);
-				$(".form-message").text("Capitalize this asset to confirm");
+				frappe.call({
+					method: "erpnext.assets.doctype.asset.asset.has_active_capitalization",
+					args: {
+						asset: frm.doc.name,
+					},
+					callback: function (r) {
+						if (!r.message) {
+							$(".primary-action").prop("hidden", true);
+							$(".form-message").text("Capitalize this asset to confirm");
 
-				frm.add_custom_button(__("Capitalize Asset"), function () {
-					frm.trigger("create_asset_capitalization");
+							frm.add_custom_button(__("Capitalize Asset"), function () {
+								frm.trigger("create_asset_capitalization");
+							});
+						}
+					},
 				});
 			}
 		}
diff --git a/erpnext/assets/doctype/asset/asset.json b/erpnext/assets/doctype/asset/asset.json
index 2331e7d3e38d..07228c5f2551 100644
--- a/erpnext/assets/doctype/asset/asset.json
+++ b/erpnext/assets/doctype/asset/asset.json
@@ -221,7 +221,6 @@
    "read_only": 1
   },
   {
-   "depends_on": "eval:!doc.is_composite_asset",
    "fieldname": "gross_purchase_amount",
    "fieldtype": "Currency",
    "label": "Gross Purchase Amount",
@@ -580,7 +579,7 @@
    "link_fieldname": "target_asset"
   }
  ],
- "modified": "2024-07-07 22:27:14.733839",
+ "modified": "2024-08-01 16:39:09.340973",
  "modified_by": "Administrator",
  "module": "Assets",
  "name": "Asset",
diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index 882527b26114..9bd2f98b8311 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -1036,6 +1036,14 @@ def get_asset_value_after_depreciation(asset_name, finance_book=None):
 	return asset.get_value_after_depreciation(finance_book)
 
 
+@frappe.whitelist()
+def has_active_capitalization(asset):
+	active_capitalizations = frappe.db.count(
+		"Asset Capitalization", filters={"target_asset": asset, "docstatus": 1}
+	)
+	return active_capitalizations > 0
+
+
 @frappe.whitelist()
 def split_asset(asset_name, split_qty):
 	asset = frappe.get_doc("Asset", asset_name)