Presented below $($items $1$ to $5)$ are accounting practices at Hill Corp. Next to each item, place the letter representing the assumption, principle, quality, or modifying convention that is violated.

A Expense recognition

B Economic entity

C Periodicity

D Historical cost

E Consistency

$1.$ Because the company's income is low this year, a switch from accelerated depreciation to straight$-$line depreciation is made this year.

$2.$ The president of Hill Corp. believes it is foolish to report financial information on a yearly basis. Instead, the president believes that financial information should be disclosed only when significant new information is available related to the company's operations.

$3.$ Hill Corp. decides to establish a large loss and related liability this year because of the possibility that it may lose a pending patent infringement lawsuit. The possibility of loss is considered remote by its attorneys.

$4.$ An officer of Hill Corp. purchased a new home computer for personal use with company money, charging miscellaneous expense.

$5.$ A machine that cost $$40,000$ is reported at its current market value of $$45,000.$