An Example of a Medical Supply Reported with HCPCS Level

question 38

Multiple Choice

An example of a medical supply reported with HCPCS Level II codes is a:

• A) bedpan used in the hospital.
• B) syringe with needle, 2 cc.
• C) pacemaker.
• D) bath/shower chair.

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Definitions:

Intangibles

Assets that do not have physical substance but are still valuable because of their intellectual property or other value to the firm.

Expensed

The act of charging a cost as an expense in the income statement in the period it is incurred.

Capitalized

Expenditures or costs that are added to the cost basis of a fixed asset on a company's balance sheet, rather than being expensed immediately.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets.