Company balance sheet : tangible it asset

Hi Everyone ,

I am totally new to the finance /accounting field , please pardon this query i had if its silly ...

I was wondersing if an company purchased for 10 lakhs  a tangible asset ( eg IT equipment like servers ) and assume this asset has life of 5 years . how  should this asset be shown in the balance sheet  .My question is 

1. Will the asset value (10 L) be divided by 5 yers and then shown in one Quarter final statement ?
2. Under which section will this be shown Asset ( non current asset )  ?
3. how is the depreciation percentage  considered for this kind of asset ?