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 2c1d7d9fcab..31fd62095df 100644
--- a/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
+++ b/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
@@ -48,7 +48,6 @@ class AssetValueAdjustment(Document):
 
 	def on_submit(self):
 		self.make_depreciation_entry()
-		self.set_value_after_depreciation()
 		self.update_asset(self.new_asset_value)
 		add_asset_activity(
 			self.asset,
@@ -80,9 +79,6 @@ class AssetValueAdjustment(Document):
 	def set_difference_amount(self):
 		self.difference_amount = flt(self.new_asset_value - self.current_asset_value)
 
-	def set_value_after_depreciation(self):
-		frappe.db.set_value("Asset", self.asset, "value_after_depreciation", self.new_asset_value)
-
 	def set_current_asset_value(self):
 		if not self.current_asset_value and self.asset:
 			self.current_asset_value = get_asset_value_after_depreciation(self.asset, self.finance_book)
@@ -164,12 +160,8 @@ class AssetValueAdjustment(Document):
 		self.db_set("journal_entry", je.name)
 
 	def update_asset(self, asset_value=None):
-		asset = frappe.get_doc("Asset", self.asset)
-
-		if not asset.calculate_depreciation:
-			asset.value_after_depreciation = asset_value
-			asset.save()
-			return
+		difference_amount = self.difference_amount if self.docstatus == 1 else -1 * self.difference_amount
+		asset = self.update_asset_value_after_depreciation(difference_amount)
 
 		asset.flags.decrease_in_asset_value_due_to_value_adjustment = True
 
@@ -188,19 +180,6 @@ class AssetValueAdjustment(Document):
 				get_link_to_form(self.get("doctype"), self.get("name")),
 			)
 
-		difference_amount = self.difference_amount if self.docstatus == 1 else -1 * self.difference_amount
-		if asset.calculate_depreciation:
-			for row in asset.finance_books:
-				if cstr(row.finance_book) == cstr(self.finance_book):
-					salvage_value_adjustment = (
-						self.get_adjusted_salvage_value_amount(row, difference_amount) or 0
-					)
-					row.expected_value_after_useful_life += salvage_value_adjustment
-					row.value_after_depreciation += flt(difference_amount)
-					row.db_update()
-
-		asset.db_update()
-
 		make_new_active_asset_depr_schedules_and_cancel_current_ones(
 			asset,
 			notes,
@@ -212,6 +191,23 @@ class AssetValueAdjustment(Document):
 		asset.save()
 		asset.set_status()
 
+	def update_asset_value_after_depreciation(self, difference_amount):
+		asset = frappe.get_doc("Asset", self.asset)
+
+		if asset.calculate_depreciation:
+			for row in asset.finance_books:
+				if cstr(row.finance_book) == cstr(self.finance_book):
+					salvage_value_adjustment = (
+						self.get_adjusted_salvage_value_amount(row, difference_amount) or 0
+					)
+					row.expected_value_after_useful_life += salvage_value_adjustment
+					row.value_after_depreciation = row.value_after_depreciation + flt(difference_amount)
+					row.db_update()
+
+		asset.value_after_depreciation += flt(difference_amount)
+		asset.db_update()
+		return asset
+
 	def get_adjusted_salvage_value_amount(self, row, difference_amount):
 		if row.expected_value_after_useful_life:
 			salvage_value_adjustment = (difference_amount * row.salvage_value_percentage) / 100