diff --git a/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py b/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
index 14f2837641b..0f4d8a9ae95 100644
--- a/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
+++ b/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
@@ -195,7 +195,6 @@ class AssetValueAdjustment(Document):
 					row.value_after_depreciation += flt(difference_amount)
 					row.db_update()
 
-		asset.value_after_depreciation += flt(difference_amount)
 		asset.db_update()
 
 		make_new_active_asset_depr_schedules_and_cancel_current_ones(