Sale and leaseback queries

Dear sir,

I have two questions:
1. Do we consider the classification of finance and operating lease in sale and leaseback ? I think if it is sale then all the risks and rewards are transferred and hence finance lease?

2. If the fair value of the consideration for the sale of an asset does not equal the fair value of the asset, then adjust to measure the sale proceeds at fair value:
(a) any below-market terms shall be accounted for as a prepayment of lease payments; and
(b) any above-market terms shall be accounted for as additional financing provided by the buyer-lessor to the seller-lessee.

I could not get as how to make this adjustment?

Thanks and regards,