SEC. 6. COST RECOVERY

See Rev. Rul. 95–52, this Bulletin, with respect to the recovery through the deduction for depreciation of the

.06 With respect to corporations that cease to be members of consolidated groups, §§ 1502 and 1504 authorize the Secretary to determine the tax liability of the corporations after the period of consolidation and to determine whether the corporations may thereafter be included in a consolidated group. The Service has determined that it is generally appropriate to prohibit the members of a consolidated group electing to discontinue filing consolidated returns under this revenue procedure from joining in a consolidated return for 60 consecutive months immediately following the beginning of the first taxable year that begins on or after July 12, 1995 (the ‘‘60-month period’’). .07 This revenue procedure provides the exclusive means for obtaining permission to discontinue filing consolidated returns by reason of the application of T.D. 8597 for the first taxable year that begins on or after July 12, 1995, or any subsequent year.