Claiming Depreciation. You can reap the tax benefits of depreciation by filing IRS Form 4562. This form helps you calculate how much of a depreciation deduction you can take each year for a given improvement or renovation. However, if the IRS deems your project to be a repair rather than an improvement, you can generally claim these expenses in the first year using Schedule E.
In Denver a Hip MRI with contrast agent at Rose Medical Center Outpatient Imaging was billed at $4645. A PPO plan wrote off $1997, and paid $1718.12, leaving the patient to pay $929.53. Therefore the net cost of the procedure was $2647.65. The cash price at a specialty imaging location is substantially less - as little as $650 with contrast.
Our insurance gave us an EOB yesterday the MRI is going to cost us $2700.00 and the contrast dye was $600.00 so in total a 45 minute brain MRI with contrast dye at Aurora St. Lukes in Milwaukee, WI is $3300.00 with Allegiance Medical Insurance. A spinal MRI is used to find various spinal problems, including nerve damage or tumors. 2  It typically costs $1,000-$5,000, depending on the part of the spine being scanned and whether the procedure is performed in a hospital or physician's office.