What does the Conceptual Framework state about derecognition?

A. For an asset, derecognition normally occurs when the entity loses control of all or part of the recognized asset

B. For a liability, derecognition normally occurs when the entity no longer has a present obligation for all or part of the recognized liability

C. Derecognition is the removal of all or part of a recognized asset or liability from an entity's statement of financial position

D. All of the above