diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index ee3ec8e..e23b033 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -36,6 +36,7 @@
 		self.validate_asset_values()
 		self.validate_asset_and_reference()
 		self.validate_item()
+		self.validate_cost_center()
 		self.set_missing_values()
 		self.prepare_depreciation_data()
 		self.validate_gross_and_purchase_amount()
@@ -95,6 +96,19 @@
 		elif item.is_stock_item:
 			frappe.throw(_("Item {0} must be a non-stock item").format(self.item_code))
 
+	def validate_cost_center(self):
+		if not self.cost_center: return
+
+		cost_center_company = frappe.db.get_value('Cost Center', self.cost_center, 'company')
+		if cost_center_company != self.company:
+			frappe.throw(
+				_("Selected Cost Center {} doesn't belongs to {}").format(
+					frappe.bold(self.cost_center),
+					frappe.bold(self.company)
+				),
+				title=_("Invalid Cost Center")
+			)
+
 	def validate_in_use_date(self):
 		if not self.available_for_use_date:
 			frappe.throw(_("Available for use date is required"))
diff --git a/erpnext/assets/doctype/asset/test_asset.py b/erpnext/assets/doctype/asset/test_asset.py
index 44c4ce5..05ab1d8 100644
--- a/erpnext/assets/doctype/asset/test_asset.py
+++ b/erpnext/assets/doctype/asset/test_asset.py
@@ -1109,6 +1109,7 @@
 
 		self.assertEqual(gle, expected_gle)
 		self.assertEqual(asset.get("value_after_depreciation"), 0)
+
 	def test_expected_value_change(self):
 		"""
 			tests if changing `expected_value_after_useful_life`
@@ -1130,6 +1131,15 @@
 		asset.reload()
 		self.assertEquals(asset.finance_books[0].value_after_depreciation, 98000.0)
 
+	def test_asset_cost_center(self):
+		asset = create_asset(is_existing_asset = 1, do_not_save=1)
+		asset.cost_center = "Main - WP"
+
+		self.assertRaises(frappe.ValidationError, asset.submit)
+
+		asset.cost_center = "Main - _TC"
+		asset.submit()
+
 def create_asset_data():
 	if not frappe.db.exists("Asset Category", "Computers"):
 		create_asset_category()