diff --git a/erpnext/accounts/report/asset_depreciations_and_balances/asset_depreciations_and_balances.py b/erpnext/accounts/report/asset_depreciations_and_balances/asset_depreciations_and_balances.py
index 48da17ab6250caf07ca79a795fb8a57ba1f8deb5..54e84313c49c37a71cf55babfd2c16483e5b6a0b 100644
--- a/erpnext/accounts/report/asset_depreciations_and_balances/asset_depreciations_and_balances.py
+++ b/erpnext/accounts/report/asset_depreciations_and_balances/asset_depreciations_and_balances.py
@@ -69,51 +69,51 @@ def get_asset_categories_for_grouped_by_category(filters):
 	condition = ""
 	if filters.get("asset_category"):
 		condition += " and asset_category = %(asset_category)s"
+	# nosemgrep
 	return frappe.db.sql(
-		"""
-		SELECT asset_category,
-			   ifnull(sum(case when purchase_date < %(from_date)s then
-							   case when ifnull(disposal_date, 0) = 0 or disposal_date >= %(from_date)s then
-									gross_purchase_amount
+		f"""
+		SELECT a.asset_category,
+			   ifnull(sum(case when a.purchase_date < %(from_date)s then
+							   case when ifnull(a.disposal_date, 0) = 0 or a.disposal_date >= %(from_date)s then
+									a.gross_purchase_amount
 							   else
 									0
 							   end
 						   else
 								0
 						   end), 0) as cost_as_on_from_date,
-			   ifnull(sum(case when purchase_date >= %(from_date)s then
-			   						gross_purchase_amount
+			   ifnull(sum(case when a.purchase_date >= %(from_date)s then
+			   						a.gross_purchase_amount
 			   				   else
 			   				   		0
 			   				   end), 0) as cost_of_new_purchase,
-			   ifnull(sum(case when ifnull(disposal_date, 0) != 0
-			   						and disposal_date >= %(from_date)s
-			   						and disposal_date <= %(to_date)s then
-							   case when status = "Sold" then
-							   		gross_purchase_amount
+			   ifnull(sum(case when ifnull(a.disposal_date, 0) != 0
+			   						and a.disposal_date >= %(from_date)s
+			   						and a.disposal_date <= %(to_date)s then
+							   case when a.status = "Sold" then
+							   		a.gross_purchase_amount
 							   else
 							   		0
 							   end
 						   else
 								0
 						   end), 0) as cost_of_sold_asset,
-			   ifnull(sum(case when ifnull(disposal_date, 0) != 0
-			   						and disposal_date >= %(from_date)s
-			   						and disposal_date <= %(to_date)s then
-							   case when status = "Scrapped" then
-							   		gross_purchase_amount
+			   ifnull(sum(case when ifnull(a.disposal_date, 0) != 0
+			   						and a.disposal_date >= %(from_date)s
+			   						and a.disposal_date <= %(to_date)s then
+							   case when a.status = "Scrapped" then
+							   		a.gross_purchase_amount
 							   else
 							   		0
 							   end
 						   else
 								0
 						   end), 0) as cost_of_scrapped_asset
-		from `tabAsset`
-		where docstatus=1 and company=%(company)s and purchase_date <= %(to_date)s {}
-		group by asset_category
-	""".format(
-			condition
-		),
+		from `tabAsset` a
+		where docstatus=1 and company=%(company)s and purchase_date <= %(to_date)s {condition}
+		and not exists(select name from `tabAsset Capitalization Asset Item` where asset = a.name)
+		group by a.asset_category
+	""",
 		{
 			"to_date": filters.to_date,
 			"from_date": filters.from_date,