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.
1 On average, the cost of a full body MRI ranges from $200 to $3,500 depending on where you go and what you get. 2  An MRI costs, on average, is around $1,000 to $3,000. A full body MRI includes technical fees which is the cost of the procedure and where there is a potential to save a considerable amount of money and professional fees which are associated with having the radiologist interpret the test result.