We look at the division of 120434 by 58 
Let's see how many times 58 fits into 120434.

Going ahead to step 1:
If we divide 1 by 58, we get 0 and a remainder of 1.
Use 0 as the next digit of our solution. 
Result so far: 0.0
The remainder is 1 after subtracting 0 from 1.
Bring next digit (2) of the dividend behind the 1 and repeat the process: 12 / 58

Going ahead to step 2:
When dividing 12 by 58, we get 0 with a remainder of 12.
Write down 0 as next digit of the result. 
Result so far: 0.0
If we subtract 0 from 12, we get 12.
Take the next digit (0) from the dividend and append it to 12, then repeat: 120 / 58

Let's proceed to step 3:
58 can be fit into 120 2 times, resulting in a remainder of 4.
Put 2 as the next digit of the answer. 
Result so far: 2.0
Subtracting 116 from 120 leaves us with 4.
Include the next digit (4) from the dividend after 4, then repeat: 44 / 58

On to step 4:
If we divide 44 by 58, we get 0 and a remainder of 44.
The number 0 becomes the next digit in our result. 
Result so far: 20.0
If we subtract 0 from 44, we get 44.
Include the next digit (3) from the dividend after 44, then repeat: 443 / 58

Step 5:
58 can be fit into 443 7 times, resulting in a remainder of 37.
Put 7 as the next digit of the answer. 
Result so far: 207.0
Subtract 406 from 443 to get 37.
Bring next digit (4) of the dividend behind the 37 and repeat the process: 374 / 58

Moving on to step 6:
If we divide 374 by 58, we get 6 and a remainder of 26.
Write down 6 as next digit of the result. 
Result so far: 2076.0
If we take 348 away from 374, we end up with 26.
Since there are no more digits in the dividend, we add a zero to the remainder making it 260, and continue the process.

Let's proceed to step 7:
If we divide 260 by 58, we get 4 and a remainder of 28.
Record the quotient 4 as the next digit in the result. 
Result so far: 2076.4
If we take 232 away from 260, we end up with 28.
Since there are no more digits in the dividend, we add a zero to the remainder making it 280, and continue the process.

On to step 8:
58 can be fit into 280 4 times, resulting in a remainder of 48.
The next digit of our result is 4. 
Result so far: 2076.44
Deduct 232 from 280 and we're left with 48.
Since there are no more digits in the dividend, we add a zero to the remainder making it 480, and continue the process.

Our division results in 2076.44 with a remaining 0.048.