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 67112b669f6..0c99f1424cf 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
@@ -94,17 +94,32 @@ def get_accumulated_depreciations(assets, filters):
 				"depreciation_amount_during_the_period": 0,
 				"depreciation_eliminated_during_the_period": 0
 			}))
-		
+
 		depr = asset_depreciations[d.asset_category]
+
+		if not asset.schedules: # if no schedule,
+			if asset.disposal_date:
+				# and disposal is NOT within the period, then opening accumulated depreciation not included
+				if getdate(asset.disposal_date) < getdate(filters.from_date) or getdate(asset.disposal_date) > getdate(filters.to_date):
+					asset_depreciations[d.asset_category]['accumulated_depreciation_as_on_from_date'] = 0
+
+				# if no schedule, and disposal is within period, accumulated dep is the amount eliminated
+				if getdate(asset.disposal_date) >= getdate(filters.from_date) and getdate(asset.disposal_date) <= getdate(filters.to_date):
+					depr.depreciation_eliminated_during_the_period += asset.opening_accumulated_depreciation
 		
 		for schedule in asset.get("schedules"):
 			if getdate(schedule.schedule_date) < getdate(filters.from_date):
 				if not asset.disposal_date or getdate(asset.disposal_date) >= getdate(filters.from_date):
 					depr.accumulated_depreciation_as_on_from_date += flt(schedule.depreciation_amount)
 			elif getdate(schedule.schedule_date) <= getdate(filters.to_date):
-				depr.depreciation_amount_during_the_period += flt(schedule.depreciation_amount)
-				
-				if asset.disposal_date and getdate(schedule.schedule_date) > getdate(asset.disposal_date):
+				if not asset.disposal_date:
+					depr.depreciation_amount_during_the_period += flt(schedule.depreciation_amount)
+				else:
+					if getdate(schedule.schedule_date) <= getdate(asset.disposal_date):
+						depr.depreciation_amount_during_the_period += flt(schedule.depreciation_amount)
+
+			if asset.disposal_date and getdate(asset.disposal_date) >= getdate(filters.from_date) and getdate(asset.disposal_date) <= getdate(filters.to_date):
+				if getdate(schedule.schedule_date) <= getdate(asset.disposal_date):
 					depr.depreciation_eliminated_during_the_period += flt(schedule.depreciation_amount)
 		
 	return asset_depreciations