this question is about the a company that had bought a land costing 30,000 and decided to exchange it for something that was interesting to them, they got the land aprraised and it currently worth 72,000 the company paid in cash the independent apraisal a sum of 14,000 the question is how much is the fair value of the interesting item that is received by the company

so I think since in an exchange situation what is being exhanged should be of equal price or value to the item being exhanged it should be 30,000+14,000=44,000 is this correct or is there any formular that is used to calculate the fair market value?
thank you

In order to obtain the "interesting" item the company is willing to give up land worth 72K. This implies that the company feels that the "interesting" asset ("IA") is worth at least 72K.
Now look at it through the other party's eyes. To them, the IA is worth no more than 72K (it's logical to assume that they were aware of the appraisal's results). Otherwise, they wouldn't agree to the swap.

This argues pretty strongly that the IA has a FMV in the very near vicinity of 72K.

BTW, the appraisal fee doesn't factor in, although some might argue it should. It was an expense of "finding out" the land's value. After having been informed of the land's value, the company's sole decision is whether to exchange land worth 72K for the IA. The appraisal fee is a sunk cost, irrelevant to the "keep the land or swap" decision.