diff --git a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
index db33271bcc..657723796c 100644
--- a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
+++ b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
@@ -1135,11 +1135,17 @@ class PurchaseInvoice(BuyingController):
 						)
 
 		assets = frappe.db.get_all(
-			"Asset", filters={"purchase_invoice": self.name, "item_code": item.item_code}
+			"Asset",
+			filters={"purchase_invoice": self.name, "item_code": item.item_code},
+			fields=["name", "asset_quantity"],
 		)
 		for asset in assets:
-			frappe.db.set_value("Asset", asset.name, "gross_purchase_amount", flt(item.valuation_rate))
-			frappe.db.set_value("Asset", asset.name, "purchase_receipt_amount", flt(item.valuation_rate))
+			frappe.db.set_value(
+				"Asset", asset.name, "gross_purchase_amount", flt(item.valuation_rate) * asset.asset_quantity
+			)
+			frappe.db.set_value(
+				"Asset", asset.name, "purchase_receipt_amount", flt(item.valuation_rate) * asset.asset_quantity
+			)
 
 	def make_stock_adjustment_entry(
 		self, gl_entries, item, voucher_wise_stock_value, account_currency