If you have never tried to quit smoking cold turkey, it will likely be a learning experience. Even if you don't successfully quit using this method, you may learn things about yourself and your habit that will help you quit on a future attempt.
After you've made a list of liabilities, divide them into two categories: 1  Liabilities that will be ongoing during probate -- these will be administrative expenses. 2  Liabilities that can be paid off in full after the probate estate is opened -- these are the decedent's final bills.
Breaking Down Revenues and Expenses. 1  1. Start with the value of your business's net sales. 2  2. Subtract the cost of goods sold (COGS) to obtain gross income. 3  3. Subtract all operating expenses.  4. Subtract depreciation/amortization 1  expenses. 5. Subtract any other expenses.  6. Add any one-time 1  revenues. 7. Subtract taxes to find your net income.