ERRORS CORRECTED IN 1990 RULING ON NONDEPRECIABLE PRECIOUS METALS.

Announcement 91-15

This announcement is to correct two errors appearing in Rev. Rul. 90-65, which was published in I.R.B. 1990-33 on 8/13/90.

The last sentence of the fourth full paragraph on page 6 of the I.R.B. is corrected to read as follows: "The cost of the platinum fabricated into the prills represents more than half of the cost of the prills."

The second sentence in the first full paragraph in the right column of page 7 is corrected to read as follows: "The cost of the platinum represents more than half of the total cost of the prills, and the platinum, like the gold in SITUATION 1, is economically recoverable for reuse in the taxpayer's business with no loss of utility."

This correction will be reflected in Rev. Rul. 90-65 when it is republished in 1990-2 C.B.