Make sure to set up the correct "Category" and "Type" of  Depreciation  -

The car cost depreciation limit is the maximum value that can be assigned to a vehicle for the purpose of a depreciation claim.

Click HERE for ATO Threshold

Car cost limit information HERE


Illustration: The car limit for 2023-24 is $68,108. This means that the upper limit on the cost you use to calculate depreciation for the business use is $$68,108.  if the car was purchased in the 2023-24 year .



Example: 

You have to exclude GST from the purchase price first and then compare it with the cost limit. GST is not being excluded from the limit itself.


Note: If need to depreciate to 100%, use immediate write off


Here is another example from the ato community support, click HERE to view


ATO links:

Car cost limit - HERE 

Instant write-off and the car limit