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.
A spinal MRI costs between $1000 and $5000, depending on where the procedure is performed (physicianâs office or hospital) and what part of the spine is being imaged. A knee MRI that focuses only on the knee joint may be as low as $700, again, depending on whether it is done at a hospital or an outpatient clinic.