diff --git a/base_accounting_kit/__manifest__.py b/base_accounting_kit/__manifest__.py
index baabc43b4..c3a13d968 100644
--- a/base_accounting_kit/__manifest__.py
+++ b/base_accounting_kit/__manifest__.py
@@ -22,7 +22,7 @@
 
 {
     'name': 'Odoo 16 Full Accounting Kit',
-    'version': '16.0.2.0.6',
+    'version': '16.0.2.0.7',
     'category': 'Accounting',
     'live_test_url': 'https://www.youtube.com/watch?v=peAp2Tx_XIs',
     'summary': """ Asset and Budget Management,
diff --git a/base_accounting_kit/doc/RELEASE_NOTES.md b/base_accounting_kit/doc/RELEASE_NOTES.md
index d3f535f62..0ae52fc8b 100644
--- a/base_accounting_kit/doc/RELEASE_NOTES.md
+++ b/base_accounting_kit/doc/RELEASE_NOTES.md
@@ -23,4 +23,9 @@
 #### 11.07.2023
 #### Version 16.0.2.0.5
 #### UPDT
-- Cash journal Bug Fix
\ No newline at end of file
+- Cash journal Bug Fix
+
+#### 17.08.2023
+#### Version 16.0.2.0.7
+#### UPDT
+- Asset type Bug Fix
\ No newline at end of file
diff --git a/base_accounting_kit/models/account_asset.py b/base_accounting_kit/models/account_asset.py
index 72fb2bec7..9ebf7432e 100644
--- a/base_accounting_kit/models/account_asset.py
+++ b/base_accounting_kit/models/account_asset.py
@@ -54,12 +54,12 @@ class AccountAssetCategory(models.Model):
                                        domain="[('account_type', '!=', 'asset_receivable'),('account_type', '!=', 'liability_payable'),('account_type', '!=', 'asset_cash'),('account_type', '!=', 'liability_credit_card'),('deprecated', '=', False)]",
                                        help="Account used to record the purchase of the asset at its original price.")
     account_depreciation_id = fields.Many2one(
-        'account.account', string='Depreciation Entries: Asset Account',
+        'account.account', string='Depreciation Account',
         required=True,
         domain="[('account_type', '!=', 'asset_receivable'),('account_type', '!=', 'liability_payable'),('account_type', '!=', 'asset_cash'),('account_type', '!=', 'liability_credit_card'),('deprecated', '=', False),('company_id', '=', company_id)]",
         help="Account used in the depreciation entries, to decrease the asset value.")
     account_depreciation_expense_id = fields.Many2one(
-        'account.account', string='Depreciation Entries: Expense Account',
+        'account.account', string='Expense Account',
         required=True,
         domain="[('account_type', '!=', 'asset_receivable'),('account_type', '!=','liability_payable'),('account_type', '!=', 'asset_cash'),('account_type', '!=','liability_credit_card'),('deprecated', '=', False),('company_id', '=', company_id)]",
         help="Account used in the periodical entries, to record a part of the asset as expense.")
diff --git a/base_accounting_kit/views/account_asset_views.xml b/base_accounting_kit/views/account_asset_views.xml
index baedc0349..47bedea1a 100644
--- a/base_accounting_kit/views/account_asset_views.xml
+++ b/base_accounting_kit/views/account_asset_views.xml
@@ -21,7 +21,7 @@
                         </div>
                         <group>
                             <field name="type" invisible="1"/>
-                            <field name="company_id" options="{'no_create': True}" groups="base.group_multi_company"/>
+                            <field name="company_id" options="{'no_create': True}"/>
                             <field name="price"/>
                         </group>
                         <group string="Journal Entries">
@@ -35,13 +35,13 @@
                                 <label for="account_depreciation_id" attrs="{'invisible': [('type','!=','purchase')]}"/>
                                 <label for="account_depreciation_id" string="Recognition Income Account" attrs="{'invisible': [('type','!=','sale')]}"/>
                             </div>
-                            <field name="account_depreciation_id" nolabel="1" groups="base.group_multi_company"/>
+                            <field name="account_depreciation_id" nolabel="1" />
                             <div>
                                 <label for="account_depreciation_expense_id" attrs="{'invisible': [('type','!=','purchase')]}"/>
                                 <label for="account_depreciation_expense_id" string="Recognition Account" attrs="{'invisible': [('type','!=','sale')]}"/>
                             </div>
-                            <field name="account_depreciation_expense_id" nolabel="1" groups="base.group_multi_company"/>
-                            <field name="account_analytic_id" groups="base.group_multi_company"/>
+                            <field name="account_depreciation_expense_id" nolabel="1"/>
+                            <field name="account_analytic_id"/>
                         </group>
                         <group string="Periodicity">
                             <field name="method_time" string="Time Method Based On" widget="radio" attrs="{'invisible': [('type','!=','purchase')]}"/>