$13.$ On $1$ January $2024,$ Osu Financial Services entered into a contract to lease a Building in Korle Klottey Municipal for three $(3)$ years. The building has a useful life of ten $(10)$ years and it has never been revalued. The lessor agrees to maintain the Building during the three year period. Osu must pay GH$120,000$ per annum on $31$ December each year over the lease term. Osu accounts for non$-$lease components separately from lease components. If contracted separately, the maintenance of the building would cost GH$80,000$ per annum payable at the end of each year. The interest rate implicit in the lease is not readily determinable. Osu$$s incremental rate of borrowing is $5\%.$ Required: Explain how the above contract will be accounted for by Osu in the year ended $31$ December $2024$