diff --git a/erpnext/controllers/buying_controller.py b/erpnext/controllers/buying_controller.py
index 66c91c8fcfb8..ca96890cbe31 100644
--- a/erpnext/controllers/buying_controller.py
+++ b/erpnext/controllers/buying_controller.py
@@ -810,6 +810,10 @@ def make_asset(self, row, is_grouped_asset=False):
 		asset_quantity = row.qty if is_grouped_asset else 1
 		purchase_amount = flt(row.valuation_rate) * asset_quantity
 
+		# getting default value of status from Asset
+		asset_meta = frappe.get_meta("Asset")
+		default_asset_status = asset_meta.get_field("status")
+
 		asset = frappe.get_doc(
 			{
 				"doctype": "Asset",
@@ -827,6 +831,7 @@ def make_asset(self, row, is_grouped_asset=False):
 				"asset_quantity": asset_quantity,
 				"purchase_receipt": self.name if self.doctype == "Purchase Receipt" else None,
 				"purchase_invoice": self.name if self.doctype == "Purchase Invoice" else None,
+				"status": default_asset_status.default if default_asset_status.default else None
 			}
 		)