diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index 5df9f368c2a..0f8566e3a28 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -1203,7 +1203,7 @@ def get_values_from_purchase_doc(
 	return {
 		"company": purchase_doc.company,
 		"purchase_date": purchase_doc.get("posting_date"),
-		"net_purchase_amount": flt(first_item.base_net_amount),
+		"net_purchase_amount": flt(first_item.valuation_rate) * flt(first_item.qty),
 		"asset_quantity": first_item.qty,
 		"cost_center": first_item.cost_center or purchase_doc.get("cost_center"),
 		"asset_location": first_item.get("asset_location"),