diff --git a/erpnext/assets/doctype/asset_capitalization/asset_capitalization.js b/erpnext/assets/doctype/asset_capitalization/asset_capitalization.js
index b42634a5091..b0f7712d6ed 100644
--- a/erpnext/assets/doctype/asset_capitalization/asset_capitalization.js
+++ b/erpnext/assets/doctype/asset_capitalization/asset_capitalization.js
@@ -136,8 +136,13 @@ erpnext.assets.AssetCapitalization = class AssetCapitalization extends erpnext.s
 		}
 	}
 
-	finance_book() {
-		this.get_all_asset_values();
+	finance_book(doc, cdt, cdn) {
+		if (cdt === "Asset Capitalization Asset Item") {
+			var row = frappe.get_doc(cdt, cdn);
+			this.get_consumed_asset_details(row);
+		} else {
+			this.get_all_asset_values();
+		}
 	}
 
 	stock_qty() {
@@ -268,7 +273,7 @@ erpnext.assets.AssetCapitalization = class AssetCapitalization extends erpnext.s
 						doctype: me.frm.doc.doctype,
 						name: me.frm.doc.name,
 						company: me.frm.doc.company,
-						finance_book: me.frm.doc.finance_book,
+						finance_book: row.finance_book || me.frm.doc.finance_book,
 						posting_date: me.frm.doc.posting_date,
 						posting_time: me.frm.doc.posting_time,
 					}
diff --git a/erpnext/assets/doctype/asset_capitalization/asset_capitalization.py b/erpnext/assets/doctype/asset_capitalization/asset_capitalization.py
index 64f13887c2b..b29decb2d96 100644
--- a/erpnext/assets/doctype/asset_capitalization/asset_capitalization.py
+++ b/erpnext/assets/doctype/asset_capitalization/asset_capitalization.py
@@ -72,6 +72,7 @@ class AssetCapitalization(AccountsController):
 			args.update(d.as_dict())
 			args.doctype = self.doctype
 			args.name = self.name
+			args.finance_book = d.get('finance_book') or self.get('finance_book')
 			consumed_asset_details = get_consumed_asset_details(args, get_asset_value=False)
 			for k, v in consumed_asset_details.items():
 				if d.meta.has_field(k) and (not d.get(k) or k in force_fields):
@@ -195,7 +196,7 @@ class AssetCapitalization(AccountsController):
 	def set_asset_values(self):
 		for d in self.asset_items:
 			if d.asset:
-				d.asset_value = flt(get_current_asset_value(d.asset, self.finance_book))
+				d.asset_value = flt(get_current_asset_value(d.asset, d.get('finance_book') or self.finance_book))
 
 	def get_args_for_incoming_rate(self, item):
 		return frappe._dict({
diff --git a/erpnext/assets/doctype/asset_capitalization_asset_item/asset_capitalization_asset_item.json b/erpnext/assets/doctype/asset_capitalization_asset_item/asset_capitalization_asset_item.json
index 93ec336b159..a5f820299bc 100644
--- a/erpnext/assets/doctype/asset_capitalization_asset_item/asset_capitalization_asset_item.json
+++ b/erpnext/assets/doctype/asset_capitalization_asset_item/asset_capitalization_asset_item.json
@@ -7,6 +7,7 @@
  "field_order": [
   "asset",
   "asset_name",
+  "finance_book",
   "column_break_3",
   "item_code",
   "item_name",
@@ -14,9 +15,9 @@
   "asset_value",
   "column_break_9",
   "accounting_dimensions_section",
-  "fixed_asset_account",
+  "cost_center",
   "dimension_col_break",
-  "cost_center"
+  "fixed_asset_account"
  ],
  "fields": [
   {
@@ -95,12 +96,18 @@
   {
    "fieldname": "dimension_col_break",
    "fieldtype": "Column Break"
+  },
+  {
+   "fieldname": "finance_book",
+   "fieldtype": "Link",
+   "label": "Finance Book",
+   "options": "Finance Book"
   }
  ],
  "index_web_pages_for_search": 1,
  "istable": 1,
  "links": [],
- "modified": "2021-09-08 15:54:24.885547",
+ "modified": "2021-09-08 23:42:25.143272",
  "modified_by": "Administrator",
  "module": "Assets",
  "name": "Asset Capitalization Asset Item",