diff --git a/erpnext/assets/doctype/asset_depreciation_schedule/asset_depreciation_schedule.py b/erpnext/assets/doctype/asset_depreciation_schedule/asset_depreciation_schedule.py
index d7dcfac3aab8..bad89e93259a 100644
--- a/erpnext/assets/doctype/asset_depreciation_schedule/asset_depreciation_schedule.py
+++ b/erpnext/assets/doctype/asset_depreciation_schedule/asset_depreciation_schedule.py
@@ -509,7 +509,10 @@ def set_accumulated_depreciation(
 				continue
 
 			if not accumulated_depreciation:
-				if i > 0 and asset_doc.flags.decrease_in_asset_value_due_to_value_adjustment:
+				if i > 0 and (
+					asset_doc.flags.decrease_in_asset_value_due_to_value_adjustment
+					or asset_doc.flags.increase_in_asset_value_due_to_repair
+				):
 					accumulated_depreciation = self.get("depreciation_schedule")[
 						i - 1
 					].accumulated_depreciation_amount
@@ -677,7 +680,7 @@ def get_straight_line_or_manual_depr_amount(
 	# if the Depreciation Schedule is being modified after Asset Repair due to increase in asset value
 	elif asset.flags.increase_in_asset_value_due_to_repair:
 		return (flt(row.value_after_depreciation) - flt(row.expected_value_after_useful_life)) / flt(
-			row.total_number_of_depreciations
+			number_of_pending_depreciations
 		)
 	# if the Depreciation Schedule is being modified after Asset Value Adjustment due to decrease in asset value
 	elif asset.flags.decrease_in_asset_value_due_to_value_adjustment:
@@ -1041,6 +1044,7 @@ def make_new_active_asset_depr_schedules_and_cancel_current_ones(
 	date_of_return=None,
 	value_after_depreciation=None,
 	ignore_booked_entry=False,
+	difference_amount=None,
 ):
 	for row in asset_doc.get("finance_books"):
 		current_asset_depr_schedule_doc = get_asset_depr_schedule_doc(
@@ -1055,6 +1059,8 @@ def make_new_active_asset_depr_schedules_and_cancel_current_ones(
 			)
 
 		new_asset_depr_schedule_doc = frappe.copy_doc(current_asset_depr_schedule_doc)
+		if asset_doc.flags.decrease_in_asset_value_due_to_value_adjustment and not value_after_depreciation:
+			value_after_depreciation = row.value_after_depreciation + difference_amount
 
 		if asset_doc.flags.increase_in_asset_value_due_to_repair and row.depreciation_method in (
 			"Written Down Value",
diff --git a/erpnext/assets/doctype/asset_repair/asset_repair.js b/erpnext/assets/doctype/asset_repair/asset_repair.js
index 9284c86bd92d..67ce6e6f7efe 100644
--- a/erpnext/assets/doctype/asset_repair/asset_repair.js
+++ b/erpnext/assets/doctype/asset_repair/asset_repair.js
@@ -29,6 +29,15 @@ frappe.ui.form.on("Asset Repair", {
 			};
 		});
 
+		frm.set_query("purchase_invoice", function () {
+			return {
+				filters: {
+					company: frm.doc.company,
+					docstatus: 1,
+				},
+			};
+		});
+
 		frm.set_query("warehouse", "stock_items", function () {
 			return {
 				filters: {
diff --git a/erpnext/assets/doctype/asset_repair/asset_repair.py b/erpnext/assets/doctype/asset_repair/asset_repair.py
index 903e68e32e0e..4e73148828d0 100644
--- a/erpnext/assets/doctype/asset_repair/asset_repair.py
+++ b/erpnext/assets/doctype/asset_repair/asset_repair.py
@@ -117,7 +117,9 @@ def before_submit(self):
 					get_link_to_form(self.doctype, self.name),
 				)
 				self.asset_doc.flags.ignore_validate_update_after_submit = True
-				make_new_active_asset_depr_schedules_and_cancel_current_ones(self.asset_doc, notes)
+				make_new_active_asset_depr_schedules_and_cancel_current_ones(
+					self.asset_doc, notes, ignore_booked_entry=True
+				)
 				self.asset_doc.save()
 
 				add_asset_activity(
@@ -154,7 +156,9 @@ def before_cancel(self):
 					get_link_to_form(self.doctype, self.name),
 				)
 				self.asset_doc.flags.ignore_validate_update_after_submit = True
-				make_new_active_asset_depr_schedules_and_cancel_current_ones(self.asset_doc, notes)
+				make_new_active_asset_depr_schedules_and_cancel_current_ones(
+					self.asset_doc, notes, ignore_booked_entry=True
+				)
 				self.asset_doc.save()
 
 				add_asset_activity(
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 8dfed9cba8a1..9b0212b037f3 100644
--- a/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
+++ b/erpnext/assets/doctype/asset_value_adjustment/asset_value_adjustment.py
@@ -57,7 +57,7 @@ def on_submit(self):
 
 	def on_cancel(self):
 		frappe.get_doc("Journal Entry", self.journal_entry).cancel()
-		self.update_asset(self.current_asset_value)
+		self.update_asset()
 		add_asset_activity(
 			self.asset,
 			_("Asset's value adjusted after cancellation of Asset Value Adjustment {0}").format(
@@ -145,7 +145,7 @@ def make_depreciation_entry(self):
 
 		self.db_set("journal_entry", je.name)
 
-	def update_asset(self, asset_value):
+	def update_asset(self, asset_value=None):
 		asset = frappe.get_doc("Asset", self.asset)
 
 		if not asset.calculate_depreciation:
@@ -171,7 +171,11 @@ def update_asset(self, asset_value):
 			)
 
 		make_new_active_asset_depr_schedules_and_cancel_current_ones(
-			asset, notes, value_after_depreciation=asset_value, ignore_booked_entry=True
+			asset,
+			notes,
+			value_after_depreciation=asset_value,
+			ignore_booked_entry=True,
+			difference_amount=self.difference_amount,
 		)
 		asset.flags.ignore_validate_update_after_submit = True
 		asset.save()