diff --git a/erpnext/assets/dashboard_fixtures.py b/erpnext/assets/dashboard_fixtures.py
new file mode 100644
index 0000000..aa4eed2
--- /dev/null
+++ b/erpnext/assets/dashboard_fixtures.py
@@ -0,0 +1,96 @@
+# Copyright (c) 2020, Frappe Technologies Pvt. Ltd. and Contributors
+# License: GNU General Public License v3. See license.txt
+
+import frappe
+import json
+
+
+def get_data():
+	return frappe._dict({
+		"dashboards": get_dashboards(),
+		"charts": get_charts(),
+        "number_cards": get_number_cards(),
+	})
+
+def get_dashboards():
+	return [{
+		"name": "Asset",
+		"dashboard_name": "Asset",
+        "charts": [
+            { "chart": "Category-wise Asset Value" },
+            { "chart": "Location-wise Asset Value" },
+        ]
+    }]
+
+def get_charts():
+	return [
+			{
+				"name": "Category-wise Asset Value",
+				"chart_name": "Category-wise Asset Value",
+				"chart_type": "Report",
+				"report_name": "Category-wise Asset Value",
+				"is_custom": 1,
+				"x_field": "asset_category",
+				"timeseries": 0,
+				"filters_json": "{}",
+				"type": "Donut",
+				"doctype": "Dashboard Chart",
+				"y_axis": [
+					{
+						"parent": "Category-wise Asset Value",
+						"parentfield": "y_axis",
+						"parenttype": "Dashboard Chart",
+						"y_field": "asset_value",
+						"doctype": "Dashboard Chart Field"
+					}
+				],
+				"custom_options": json.dumps({
+					"type": "donut",
+					"height": 300,
+					"axisOptions": {"shortenYAxisNumbers": 1}
+				})
+			},
+			{
+				"name": "Location-wise Asset Value",
+				"chart_name": "Location-wise Asset Value",
+				"chart_type": "Report",
+				"report_name": "Location-wise Asset Value",
+				"is_custom": 1,
+				"x_field": "location",
+				"timeseries": 0,
+				"filters_json": "{}",
+				"type": "Donut",
+				"doctype": "Dashboard Chart",
+				"y_axis": [
+					{
+						"parent": "Location-wise Asset Value",
+						"parentfield": "y_axis",
+						"parenttype": "Dashboard Chart",
+						"y_field": "asset_value",
+						"doctype": "Dashboard Chart Field"
+					}
+				],
+				"custom_options": json.dumps({
+					"type": "donut",
+					"height": 300,
+					"axisOptions": {"shortenYAxisNumbers": 1}
+				})
+			}
+		]
+
+
+def get_number_cards():
+	return [
+        {
+            "name": "Asset Value",
+            "label": "Asset Value ",
+            "function": "Sum",
+            "aggregate_function_based_on": "gross_purchase_amount",
+            "document_type": "Asset",
+            "is_public": 0,
+            "show_percentage_stats": 1,
+            "stats_time_interval": "Monthly",
+            "filters_json": "[]",
+            "doctype": "Number Card"
+        }
+    ]
\ No newline at end of file
diff --git a/erpnext/assets/desk_page/assets/assets.json b/erpnext/assets/desk_page/assets/assets.json
index 0309416..13709e3 100644
--- a/erpnext/assets/desk_page/assets/assets.json
+++ b/erpnext/assets/desk_page/assets/assets.json
@@ -24,14 +24,14 @@
  "docstatus": 0,
  "doctype": "Desk Page",
  "extends_another_page": 0,
- "icon": "",
  "idx": 0,
  "is_standard": 1,
  "label": "Assets",
- "modified": "2020-04-01 11:28:51.072198",
+ "modified": "2020-05-08 16:07:04.671296",
  "modified_by": "Administrator",
  "module": "Assets",
  "name": "Assets",
+ "onboarding": "Assets",
  "owner": "Administrator",
  "pin_to_bottom": 0,
  "pin_to_top": 0,
diff --git a/erpnext/assets/doctype/asset/asset.js b/erpnext/assets/doctype/asset/asset.js
index a53ff88..fba20c0 100644
--- a/erpnext/assets/doctype/asset/asset.js
+++ b/erpnext/assets/doctype/asset/asset.js
@@ -387,7 +387,8 @@
 		}
 		frm.set_value('gross_purchase_amount', item.base_net_rate + item.item_tax_amount);
 		frm.set_value('purchase_receipt_amount', item.base_net_rate + item.item_tax_amount);
-		frm.set_value('location', item.asset_location);
+		item.asset_location && frm.set_value('location', item.asset_location);
+		frm.set_value('cost_center', item.cost_center || purchase_doc.cost_center);
 	},
 
 	set_depreciation_rate: function(frm, row) {
diff --git a/erpnext/assets/doctype/asset/asset.py b/erpnext/assets/doctype/asset/asset.py
index 505ba4c..2ecabe6 100644
--- a/erpnext/assets/doctype/asset/asset.py
+++ b/erpnext/assets/doctype/asset/asset.py
@@ -127,6 +127,8 @@
 			frappe.throw(_("Available-for-use Date should be after purchase date"))
 
 	def validate_gross_and_purchase_amount(self):
+		if self.is_existing_asset: return
+		
 		if self.gross_purchase_amount and self.gross_purchase_amount != self.purchase_receipt_amount:
 			frappe.throw(_("Gross Purchase Amount should be {} to purchase amount of one single Asset. {}\
 				Please do not book expense of multiple assets against one single Asset.")
diff --git a/erpnext/assets/onboarding/assets/assets.json b/erpnext/assets/onboarding/assets/assets.json
new file mode 100644
index 0000000..b32a7f2
--- /dev/null
+++ b/erpnext/assets/onboarding/assets/assets.json
@@ -0,0 +1,39 @@
+{
+ "allow_roles": [
+  {
+   "role": "Accounts User"
+  },
+  {
+   "role": "Maintenance User"
+  }
+ ],
+ "creation": "2020-05-08 15:10:45.571457",
+ "docstatus": 0,
+ "doctype": "Onboarding",
+ "documentation_url": "https://docs.erpnext.com/docs/user/manual/en/asset",
+ "idx": 0,
+ "is_complete": 0,
+ "modified": "2020-05-08 16:17:31.685943",
+ "modified_by": "Administrator",
+ "module": "Assets",
+ "name": "Assets",
+ "owner": "Administrator",
+ "steps": [
+  {
+   "step": "Introduction to Assets"
+  },
+  {
+   "step": "Create a Fixed Asset Item"
+  },
+  {
+   "step": "Purchase the Asset Item"
+  },
+  {
+   "step": "Create the Asset"
+  }
+ ],
+ "subtitle": "Assets, Depreciations, Repairs and more",
+ "success_message": "The Asset Module is all set up!",
+ "title": "Let's Setup Asset Management",
+ "user_can_dismiss": 1
+}
\ No newline at end of file
diff --git a/erpnext/assets/onboarding_step/create_a_fixed_asset_item/create_a_fixed_asset_item.json b/erpnext/assets/onboarding_step/create_a_fixed_asset_item/create_a_fixed_asset_item.json
new file mode 100644
index 0000000..f5818c0
--- /dev/null
+++ b/erpnext/assets/onboarding_step/create_a_fixed_asset_item/create_a_fixed_asset_item.json
@@ -0,0 +1,16 @@
+{
+ "action": "Create Entry",
+ "creation": "2020-05-08 13:20:00.259985",
+ "docstatus": 0,
+ "doctype": "Onboarding Step",
+ "idx": 0,
+ "is_complete": 0,
+ "is_mandatory": 0,
+ "is_skipped": 0,
+ "modified": "2020-05-08 13:20:00.259985",
+ "modified_by": "Administrator",
+ "name": "Create a Fixed Asset Item",
+ "owner": "Administrator",
+ "reference_document": "Item",
+ "title": "Create a Fixed Asset Item"
+}
\ No newline at end of file
diff --git a/erpnext/assets/onboarding_step/create_the_asset/create_the_asset.json b/erpnext/assets/onboarding_step/create_the_asset/create_the_asset.json
new file mode 100644
index 0000000..28d8485
--- /dev/null
+++ b/erpnext/assets/onboarding_step/create_the_asset/create_the_asset.json
@@ -0,0 +1,16 @@
+{
+ "action": "Create Entry",
+ "creation": "2020-05-08 13:21:53.332538",
+ "docstatus": 0,
+ "doctype": "Onboarding Step",
+ "idx": 0,
+ "is_complete": 0,
+ "is_mandatory": 0,
+ "is_skipped": 0,
+ "modified": "2020-05-08 13:21:53.332538",
+ "modified_by": "Administrator",
+ "name": "Create the Asset",
+ "owner": "Administrator",
+ "reference_document": "Asset",
+ "title": "Create the Asset"
+}
\ No newline at end of file
diff --git a/erpnext/assets/onboarding_step/introduction_to_assets/introduction_to_assets.json b/erpnext/assets/onboarding_step/introduction_to_assets/introduction_to_assets.json
new file mode 100644
index 0000000..8aceafd
--- /dev/null
+++ b/erpnext/assets/onboarding_step/introduction_to_assets/introduction_to_assets.json
@@ -0,0 +1,16 @@
+{
+ "action": "Watch Video",
+ "creation": "2020-05-08 13:18:25.424715",
+ "docstatus": 0,
+ "doctype": "Onboarding Step",
+ "idx": 0,
+ "is_complete": 0,
+ "is_mandatory": 0,
+ "is_skipped": 0,
+ "modified": "2020-05-08 16:06:16.625646",
+ "modified_by": "Administrator",
+ "name": "Introduction to Assets",
+ "owner": "Administrator",
+ "title": "Introduction to Fixed Asset Management",
+ "video_url": "https://www.youtube.com/watch?v=I-K8pLRmvSo"
+}
\ No newline at end of file
diff --git a/erpnext/assets/onboarding_step/purchase_the_asset_item/purchase_the_asset_item.json b/erpnext/assets/onboarding_step/purchase_the_asset_item/purchase_the_asset_item.json
new file mode 100644
index 0000000..b6f38de
--- /dev/null
+++ b/erpnext/assets/onboarding_step/purchase_the_asset_item/purchase_the_asset_item.json
@@ -0,0 +1,16 @@
+{
+ "action": "Create Entry",
+ "creation": "2020-05-08 13:21:28.208059",
+ "docstatus": 0,
+ "doctype": "Onboarding Step",
+ "idx": 0,
+ "is_complete": 0,
+ "is_mandatory": 0,
+ "is_skipped": 0,
+ "modified": "2020-05-08 13:21:28.208059",
+ "modified_by": "Administrator",
+ "name": "Purchase the Asset Item",
+ "owner": "Administrator",
+ "reference_document": "Purchase Receipt",
+ "title": "Purchase the Asset Item"
+}
\ No newline at end of file
diff --git a/erpnext/assets/report/category_wise_asset_value/__init__.py b/erpnext/assets/report/category_wise_asset_value/__init__.py
new file mode 100644
index 0000000..e69de29
--- /dev/null
+++ b/erpnext/assets/report/category_wise_asset_value/__init__.py
diff --git a/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.js b/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.js
new file mode 100644
index 0000000..aa643ef
--- /dev/null
+++ b/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.js
@@ -0,0 +1,43 @@
+// Copyright (c) 2016, Frappe Technologies Pvt. Ltd. and contributors
+// For license information, please see license.txt
+/* eslint-disable */
+
+frappe.query_reports["Category-wise Asset Value"] = {
+	"filters": [
+		{
+			fieldname:"company",
+			label: __("Company"),
+			fieldtype: "Link",
+			options: "Company",
+			default: frappe.defaults.get_user_default("Company"),
+			reqd: 1
+		},
+		{
+			fieldname:"purchase_date",
+			label: __("Purchase Date"),
+			fieldtype: "Date"
+		},
+		{
+			fieldname:"available_for_use_date",
+			label: __("Available For Use Date"),
+			fieldtype: "Date"
+		},
+		{
+			fieldname:"cost_center",
+			label: __("Cost Center"),
+			fieldtype: "Link",
+			options: "Cost Center"
+		},
+		{
+			fieldname:"finance_book",
+			label: __("Finance Book"),
+			fieldtype: "Link",
+			options: "Finance Book"
+		},
+		{
+			fieldname:"is_existing_asset",
+			label: __("Is Existing Asset"),
+			fieldtype: "Check"
+		},
+	]
+};
diff --git a/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.json b/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.json
new file mode 100644
index 0000000..a6dbce0
--- /dev/null
+++ b/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.json
@@ -0,0 +1,29 @@
+{
+ "add_total_row": 0,
+ "creation": "2020-05-08 15:36:02.116096",
+ "disable_prepared_report": 1,
+ "disabled": 0,
+ "docstatus": 0,
+ "doctype": "Report",
+ "idx": 0,
+ "is_standard": "Yes",
+ "javascript": "",
+ "modified": "2020-05-08 15:36:02.116096",
+ "modified_by": "Administrator",
+ "module": "Assets",
+ "name": "Category-wise Asset Value",
+ "owner": "Administrator",
+ "prepared_report": 0,
+ "query": "",
+ "ref_doctype": "Asset",
+ "report_name": "Category-wise Asset Value",
+ "report_type": "Script Report",
+ "roles": [
+  {
+   "role": "Accounts User"
+  },
+  {
+   "role": "Quality Manager"
+  }
+ ]
+}
\ No newline at end of file
diff --git a/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.py b/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.py
new file mode 100644
index 0000000..96131e9
--- /dev/null
+++ b/erpnext/assets/report/category_wise_asset_value/category_wise_asset_value.py
@@ -0,0 +1,137 @@
+# Copyright (c) 2013, Frappe Technologies Pvt. Ltd. and contributors
+# For license information, please see license.txt
+
+from __future__ import unicode_literals
+import frappe
+from frappe import _
+from frappe.utils import cstr, today, flt
+
+def execute(filters=None):
+	filters = frappe._dict(filters or {})
+	columns = get_columns(filters)
+	data = get_data(filters)
+
+	return columns, data
+
+def get_conditions(filters):
+	conditions = { 'docstatus': 1 }
+
+	if filters.get('company'):
+		conditions["company"] = filters.company
+	if filters.get('purchase_date'):
+		conditions["purchase_date"] = ('<=', filters.get('purchase_date'))
+	if filters.get('available_for_use_date'):
+		conditions["available_for_use_date"] = ('<=', filters.get('available_for_use_date'))
+	if filters.get('is_existing_asset'):
+		conditions["is_existing_asset"] = filters.get('is_existing_asset')
+	if filters.get('cost_center'):
+		conditions["cost_center"] = filters.get('cost_center')
+
+	return conditions
+
+def get_data(filters):
+
+	data = []
+	depreciation_amount_map = get_finance_book_value_map(filters)
+
+	assets_record = frappe.db.get_all("Asset",
+		filters=get_conditions(filters),
+		fields=["name", "asset_name", "asset_category", "gross_purchase_amount",
+		"opening_accumulated_depreciation", "available_for_use_date", "purchase_date"],
+		group_by="asset_category")
+
+	for asset in assets_record:
+		asset_value = asset.gross_purchase_amount - flt(asset.opening_accumulated_depreciation) \
+			- flt(depreciation_amount_map.get(asset.name))
+		if asset_value:
+			row = {
+				"asset_category": asset.asset_category,
+				"asset_id": asset.name,
+				"asset_name": asset.asset_name,
+				"purchase_date": asset.purchase_date,
+				"available_for_use_date": asset.available_for_use_date,
+				"gross_purchase_amount": asset.gross_purchase_amount,
+				"opening_accumulated_depreciation": asset.opening_accumulated_depreciation,
+				"depreciated_amount": depreciation_amount_map.get(asset.name) or 0.0,
+				"asset_value": asset_value
+			}
+			data.append(row)
+
+	return data
+
+def get_finance_book_value_map(filters):
+	date = filters.get('purchase_date') or filters.get('available_for_use_date') or today()
+
+	return frappe._dict(frappe.db.sql(''' Select
+		parent, SUM(depreciation_amount)
+		FROM `tabDepreciation Schedule`
+		WHERE
+			parentfield='schedules'
+			AND schedule_date<=%s
+			AND journal_entry IS NOT NULL
+			AND ifnull(finance_book, '')=%s
+		GROUP BY parent''', (date, cstr(filters.finance_book or ''))))
+
+def get_columns(filters):
+	return [
+		{
+			"label": _("Asset Category"),
+			"fieldtype": "Link",
+			"fieldname": "asset_category",
+			"options": "Asset Category",
+			"width": 120
+		},
+		{
+			"label": _("Asset Id"),
+			"fieldtype": "Link",
+			"fieldname": "asset_id",
+			"options": "Asset",
+			"width": 100
+		},
+		{
+			"label": _("Asset Name"),
+			"fieldtype": "Data",
+			"fieldname": "asset_name",
+			"width": 140
+		},
+		{
+			"label": _("Purchase Date"),
+			"fieldtype": "Date",
+			"fieldname": "purchase_date",
+			"width": 90
+		},
+		{
+			"label": _("Available For Use Date"),
+			"fieldtype": "Date",
+			"fieldname": "available_for_use_date",
+			"width": 90
+		},
+		{
+			"label": _("Gross Purchase Amount"),
+			"fieldname": "gross_purchase_amount",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Opening Accumulated Depreciation"),
+			"fieldname": "opening_accumulated_depreciation",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 90
+		},
+		{
+			"label": _("Depreciated Amount"),
+			"fieldname": "depreciated_amount",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Asset Value"),
+			"fieldname": "asset_value",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		}
+	]
\ No newline at end of file
diff --git a/erpnext/assets/report/fixed_asset_register/fixed_asset_register.js b/erpnext/assets/report/fixed_asset_register/fixed_asset_register.js
index 91ce9ce..d68993c 100644
--- a/erpnext/assets/report/fixed_asset_register/fixed_asset_register.js
+++ b/erpnext/assets/report/fixed_asset_register/fixed_asset_register.js
@@ -31,18 +31,24 @@
 			fieldtype: "Date"
 		},
 		{
-			fieldname:"finance_book",
-			label: __("Finance Book"),
-			fieldtype: "Link",
-			options: "Finance Book"
-		},
-		{
 			fieldname:"asset_category",
 			label: __("Asset Category"),
 			fieldtype: "Link",
 			options: "Asset Category"
 		},
 		{
+			fieldname:"cost_center",
+			label: __("Cost Center"),
+			fieldtype: "Link",
+			options: "Cost Center"
+		},
+		{
+			fieldname:"finance_book",
+			label: __("Finance Book"),
+			fieldtype: "Link",
+			options: "Finance Book"
+		},
+		{
 			fieldname:"is_existing_asset",
 			label: __("Is Existing Asset"),
 			fieldtype: "Check"
diff --git a/erpnext/assets/report/fixed_asset_register/fixed_asset_register.py b/erpnext/assets/report/fixed_asset_register/fixed_asset_register.py
index fa2fe7b..64ee6a3 100644
--- a/erpnext/assets/report/fixed_asset_register/fixed_asset_register.py
+++ b/erpnext/assets/report/fixed_asset_register/fixed_asset_register.py
@@ -10,105 +10,13 @@
 	filters = frappe._dict(filters or {})
 	columns = get_columns(filters)
 	data = get_data(filters)
-	return columns, data
+	chart = prepare_chart_data(data, columns)
 
-def get_columns(filters):
-	return [
-		{
-			"label": _("Asset Id"),
-			"fieldtype": "Link",
-			"fieldname": "asset_id",
-			"options": "Asset",
-			"width": 100
-		},
-		{
-			"label": _("Asset Name"),
-			"fieldtype": "Data",
-			"fieldname": "asset_name",
-			"width": 140
-		},
-		{
-			"label": _("Asset Category"),
-			"fieldtype": "Link",
-			"fieldname": "asset_category",
-			"options": "Asset Category",
-			"width": 100
-		},
-		{
-			"label": _("Status"),
-			"fieldtype": "Data",
-			"fieldname": "status",
-			"width": 90
-		},
-		{
-			"label": _("Purchase Date"),
-			"fieldtype": "Date",
-			"fieldname": "purchase_date",
-			"width": 90
-		},
-		{
-			"label": _("Available For Use Date"),
-			"fieldtype": "Date",
-			"fieldname": "available_for_use_date",
-			"width": 90
-		},
-		{
-			"label": _("Gross Purchase Amount"),
-			"fieldname": "gross_purchase_amount",
-			"options": "Currency",
-			"width": 90
-		},
-		{
-			"label": _("Asset Value"),
-			"fieldname": "asset_value",
-			"options": "Currency",
-			"width": 90
-		},
-		{
-			"label": _("Opening Accumulated Depreciation"),
-			"fieldname": "opening_accumulated_depreciation",
-			"options": "Currency",
-			"width": 90
-		},
-		{
-			"label": _("Depreciated Amount"),
-			"fieldname": "depreciated_amount",
-			"options": "Currency",
-			"width": 90
-		},
-		{
-			"label": _("Cost Center"),
-			"fieldtype": "Link",
-			"fieldname": "cost_center",
-			"options": "Cost Center",
-			"width": 100
-		},
-		{
-			"label": _("Department"),
-			"fieldtype": "Link",
-			"fieldname": "department",
-			"options": "Department",
-			"width": 100
-		},
-		{
-			"label": _("Vendor Name"),
-			"fieldtype": "Data",
-			"fieldname": "vendor_name",
-			"width": 100
-		},
-		{
-			"label": _("Location"),
-			"fieldtype": "Link",
-			"fieldname": "location",
-			"options": "Location",
-			"width": 100
-		},
-	]
+	return columns, data, None, chart
 
 def get_conditions(filters):
 	conditions = { 'docstatus': 1 }
 	status = filters.status
-	date = filters.date
 
 	if filters.get('company'):
 		conditions["company"] = filters.company
@@ -120,6 +28,8 @@
 		conditions["is_existing_asset"] = filters.get('is_existing_asset')
 	if filters.get('asset_category'):
 		conditions["asset_category"] = filters.get('asset_category')
+	if filters.get('cost_center'):
+		conditions["cost_center"] = filters.get('cost_center')
 
 	# In Store assets are those that are not sold or scrapped
 	operand = 'not in'
@@ -169,6 +79,22 @@
 
 	return data
 
+def prepare_chart_data(data, columns):
+	label_values_map = {}
+	for d in data:
+		if not label_values_map.get(d.get('asset_category')):
+			label_values_map[d.get('asset_category')] = 0
+		label_values_map[d.get('asset_category')] += d.get('asset_value')
+
+	return {
+		"data" : {
+			"labels": label_values_map.keys(),
+			"datasets": [{ "values": label_values_map.values() }]
+		},
+		"type": 'donut',
+		"height": 250
+	}
+
 def get_finance_book_value_map(filters):
 	date = filters.get('purchase_date') or filters.get('available_for_use_date') or today()
 
@@ -201,3 +127,100 @@
 			AND pii.is_fixed_asset=1
 			AND pi.docstatus=1
 			AND pi.is_return=0'''))
+
+def get_columns(filters):
+	return [
+		{
+			"label": _("Asset Id"),
+			"fieldtype": "Link",
+			"fieldname": "asset_id",
+			"options": "Asset",
+			"width": 60
+		},
+		{
+			"label": _("Asset Name"),
+			"fieldtype": "Data",
+			"fieldname": "asset_name",
+			"width": 140
+		},
+		{
+			"label": _("Asset Category"),
+			"fieldtype": "Link",
+			"fieldname": "asset_category",
+			"options": "Asset Category",
+			"width": 100
+		},
+		{
+			"label": _("Status"),
+			"fieldtype": "Data",
+			"fieldname": "status",
+			"width": 80
+		},
+		{
+			"label": _("Purchase Date"),
+			"fieldtype": "Date",
+			"fieldname": "purchase_date",
+			"width": 90
+		},
+		{
+			"label": _("Available For Use Date"),
+			"fieldtype": "Date",
+			"fieldname": "available_for_use_date",
+			"width": 90
+		},
+		{
+			"label": _("Gross Purchase Amount"),
+			"fieldname": "gross_purchase_amount",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Asset Value"),
+			"fieldname": "asset_value",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Opening Accumulated Depreciation"),
+			"fieldname": "opening_accumulated_depreciation",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 90
+		},
+		{
+			"label": _("Depreciated Amount"),
+			"fieldname": "depreciated_amount",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Cost Center"),
+			"fieldtype": "Link",
+			"fieldname": "cost_center",
+			"options": "Cost Center",
+			"width": 100
+		},
+		{
+			"label": _("Department"),
+			"fieldtype": "Link",
+			"fieldname": "department",
+			"options": "Department",
+			"width": 100
+		},
+		{
+			"label": _("Vendor Name"),
+			"fieldtype": "Data",
+			"fieldname": "vendor_name",
+			"width": 100
+		},
+		{
+			"label": _("Location"),
+			"fieldtype": "Link",
+			"fieldname": "location",
+			"options": "Location",
+			"width": 100
+		},
+	]
\ No newline at end of file
diff --git a/erpnext/assets/report/location_wise_asset_value/__init__.py b/erpnext/assets/report/location_wise_asset_value/__init__.py
new file mode 100644
index 0000000..e69de29
--- /dev/null
+++ b/erpnext/assets/report/location_wise_asset_value/__init__.py
diff --git a/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.js b/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.js
new file mode 100644
index 0000000..efdafa1
--- /dev/null
+++ b/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.js
@@ -0,0 +1,43 @@
+// Copyright (c) 2016, Frappe Technologies Pvt. Ltd. and contributors
+// For license information, please see license.txt
+/* eslint-disable */
+
+frappe.query_reports["Location-wise Asset Value"] = {
+	"filters": [
+		{
+			fieldname:"company",
+			label: __("Company"),
+			fieldtype: "Link",
+			options: "Company",
+			default: frappe.defaults.get_user_default("Company"),
+			reqd: 1
+		},
+		{
+			fieldname:"purchase_date",
+			label: __("Purchase Date"),
+			fieldtype: "Date"
+		},
+		{
+			fieldname:"available_for_use_date",
+			label: __("Available For Use Date"),
+			fieldtype: "Date"
+		},
+		{
+			fieldname:"cost_center",
+			label: __("Cost Center"),
+			fieldtype: "Link",
+			options: "Cost Center"
+		},
+		{
+			fieldname:"finance_book",
+			label: __("Finance Book"),
+			fieldtype: "Link",
+			options: "Finance Book"
+		},
+		{
+			fieldname:"is_existing_asset",
+			label: __("Is Existing Asset"),
+			fieldtype: "Check"
+		},
+	]
+};
diff --git a/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.json b/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.json
new file mode 100644
index 0000000..2a554d8
--- /dev/null
+++ b/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.json
@@ -0,0 +1,29 @@
+{
+ "add_total_row": 0,
+ "creation": "2020-05-08 15:47:55.036143",
+ "disable_prepared_report": 1,
+ "disabled": 0,
+ "docstatus": 0,
+ "doctype": "Report",
+ "idx": 0,
+ "is_standard": "Yes",
+ "javascript": "",
+ "modified": "2020-05-08 15:47:55.036143",
+ "modified_by": "Administrator",
+ "module": "Assets",
+ "name": "Location-wise Asset Value",
+ "owner": "Administrator",
+ "prepared_report": 0,
+ "query": "",
+ "ref_doctype": "Asset",
+ "report_name": "Location-wise Asset Value",
+ "report_type": "Script Report",
+ "roles": [
+  {
+   "role": "Accounts User"
+  },
+  {
+   "role": "Quality Manager"
+  }
+ ]
+}
\ No newline at end of file
diff --git a/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.py b/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.py
new file mode 100644
index 0000000..6aade0e
--- /dev/null
+++ b/erpnext/assets/report/location_wise_asset_value/location_wise_asset_value.py
@@ -0,0 +1,137 @@
+# Copyright (c) 2013, Frappe Technologies Pvt. Ltd. and contributors
+# For license information, please see license.txt
+
+from __future__ import unicode_literals
+import frappe
+from frappe import _
+from frappe.utils import cstr, today, flt
+
+def execute(filters=None):
+	filters = frappe._dict(filters or {})
+	columns = get_columns(filters)
+	data = get_data(filters)
+
+	return columns, data
+
+def get_conditions(filters):
+	conditions = { 'docstatus': 1 }
+
+	if filters.get('company'):
+		conditions["company"] = filters.company
+	if filters.get('purchase_date'):
+		conditions["purchase_date"] = ('<=', filters.get('purchase_date'))
+	if filters.get('available_for_use_date'):
+		conditions["available_for_use_date"] = ('<=', filters.get('available_for_use_date'))
+	if filters.get('is_existing_asset'):
+		conditions["is_existing_asset"] = filters.get('is_existing_asset')
+	if filters.get('cost_center'):
+		conditions["cost_center"] = filters.get('cost_center')
+
+	return conditions
+
+def get_data(filters):
+
+	data = []
+	depreciation_amount_map = get_finance_book_value_map(filters)
+
+	assets_record = frappe.db.get_all("Asset",
+		filters=get_conditions(filters),
+		fields=["name", "asset_name", "location", "gross_purchase_amount",
+		"opening_accumulated_depreciation", "available_for_use_date", "purchase_date"],
+		group_by="location")
+
+	for asset in assets_record:
+		asset_value = asset.gross_purchase_amount - flt(asset.opening_accumulated_depreciation) \
+			- flt(depreciation_amount_map.get(asset.name))
+		if asset_value:
+			row = {
+				"location": asset.location,
+				"asset_id": asset.name,
+				"asset_name": asset.asset_name,
+				"purchase_date": asset.purchase_date,
+				"available_for_use_date": asset.available_for_use_date,
+				"gross_purchase_amount": asset.gross_purchase_amount,
+				"opening_accumulated_depreciation": asset.opening_accumulated_depreciation,
+				"depreciated_amount": depreciation_amount_map.get(asset.name) or 0.0,
+				"asset_value": asset_value
+			}
+			data.append(row)
+
+	return data
+
+def get_finance_book_value_map(filters):
+	date = filters.get('purchase_date') or filters.get('available_for_use_date') or today()
+
+	return frappe._dict(frappe.db.sql(''' Select
+		parent, SUM(depreciation_amount)
+		FROM `tabDepreciation Schedule`
+		WHERE
+			parentfield='schedules'
+			AND schedule_date<=%s
+			AND journal_entry IS NOT NULL
+			AND ifnull(finance_book, '')=%s
+		GROUP BY parent''', (date, cstr(filters.finance_book or ''))))
+
+def get_columns(filters):
+	return [
+		{
+			"label": _("Location"),
+			"fieldtype": "Link",
+			"fieldname": "location",
+			"options": "Location",
+			"width": 120
+		},
+		{
+			"label": _("Asset Id"),
+			"fieldtype": "Link",
+			"fieldname": "asset_id",
+			"options": "Asset",
+			"width": 100
+		},
+		{
+			"label": _("Asset Name"),
+			"fieldtype": "Data",
+			"fieldname": "asset_name",
+			"width": 140
+		},
+		{
+			"label": _("Purchase Date"),
+			"fieldtype": "Date",
+			"fieldname": "purchase_date",
+			"width": 90
+		},
+		{
+			"label": _("Available For Use Date"),
+			"fieldtype": "Date",
+			"fieldname": "available_for_use_date",
+			"width": 90
+		},
+		{
+			"label": _("Gross Purchase Amount"),
+			"fieldname": "gross_purchase_amount",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Opening Accumulated Depreciation"),
+			"fieldname": "opening_accumulated_depreciation",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 90
+		},
+		{
+			"label": _("Depreciated Amount"),
+			"fieldname": "depreciated_amount",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		},
+		{
+			"label": _("Asset Value"),
+			"fieldname": "asset_value",
+			"fieldtype": "Currency",
+			"options": "company:currency",
+			"width": 100
+		}
+	]
\ No newline at end of file