in the BOOK VALUE of an asset not due to a cash payment or other asset, issuance of a liability, or issuance of stock.

Generally, this is not a permitted accounting practice. One exception is the write-up of fixed assets in a purchase method merger. Another exception is the case of a discovery of a natural resource such as oil on the land premises.In this unique situation, land can be charged for this discovery at fair market value as follows:

Land ( apprasial  incerement paid- in Capital )

The land (appraisal increment) account would then be subject to depletion.