diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index 17a554bbbfd..90257c784ee 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -470,7 +470,6 @@ class Asset(AccountsController):
 
 				asset_value_after_full_schedule = flt(
 					flt(self.gross_purchase_amount) -
-					flt(self.opening_accumulated_depreciation) -
 					flt(accumulated_depreciation_after_full_schedule), self.precision('gross_purchase_amount'))
 
 				if (row.expected_value_after_useful_life and