We're dividing 504595 by 60 
We're looking to find how many times 60 goes into 504595.

Advancing to step 1:
5 divided by 60 is 0 with a remainder of 5.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we take 0 away from 5, we end up with 5.
Take the next digit (0) from the dividend and append it to 5, then repeat: 50 / 60

Advancing to step 2:
60 can be fit into 50 0 times, resulting in a remainder of 50.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Deduct 0 from 50 and we're left with 50.
Bring next digit (4) of the dividend behind the 50 and repeat the process: 504 / 60

On to step 3:
When dividing 504 by 60, we get 8 with a remainder of 24.
The number 8 becomes the next digit in our result. 
Result so far: 8.0
Subtracting 480 from 504 leaves us with 24.
Append the next digit (5) from the dividend to 24 and continue with: 245 / 60

Moving on to step 4:
245 divided by 60 is 4 with a remainder of 5.
Record the quotient 4 as the next digit in the result. 
Result so far: 84.0
If we take 240 away from 245, we end up with 5.
Bring next digit (9) of the dividend behind the 5 and repeat the process: 59 / 60

Advancing to step 5:
60 goes into 59 0 times with a remainder of 59.
The number 0 becomes the next digit in our result. 
Result so far: 840.0
Subtracting 0 from 59 leaves us with 59.
Include the next digit (5) from the dividend after 59, then repeat: 595 / 60

Going ahead to step 6:
60 goes into 595 9 times with a remainder of 55.
Use 9 as the next digit of our solution. 
Result so far: 8409.0
If we take 540 away from 595, we end up with 55.
Since there are no more digits in the dividend, we add a zero to the remainder making it 550, and continue the process.

Step 7:
The number 60 fits into 550 9 times, leaving a remainder of 10.
Put 9 as the next digit of the answer. 
Result so far: 8409.9
Subtract 540 from 550 to get 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Advancing to step 8:
60 can be fit into 100 1 times, resulting in a remainder of 40.
The next digit of our result is 1. 
Result so far: 8409.91
If we take 60 away from 100, we end up with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Let's proceed to step 9:
60 can be fit into 400 6 times, resulting in a remainder of 40.
The next digit of our result is 6. 
Result so far: 8409.916
Deduct 360 from 400 and we're left with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Step 10:
If we divide 400 by 60, we get 6 and a remainder of 40.
Use 6 as the next digit of our solution. 
Result so far: 8409.9166
The remainder is 40 after subtracting 360 from 400.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

In conclusion, the division gives 8409.9166 with a balance of 0.0004.