We divide 534740 by 12
Let's see how many times 12 fits into 534740.

On to step 1:
12 goes into 5 0 times with a remainder of 5.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
The remainder is 5 after subtracting 0 from 5.
Take the next digit (3) from the dividend and append it to 5, then repeat: 53 / 12

On to step 2:
If we divide 53 by 12, we get 4 and a remainder of 5.
The number 4 becomes the next digit in our result. 
Result so far: 4.0
Subtracting 48 from 53 leaves us with 5.
Include the next digit (4) from the dividend after 5, then repeat: 54 / 12

Step 3:
12 goes into 54 4 times with a remainder of 6.
Put 4 as the next digit of the answer. 
Result so far: 44.0
Subtract 48 from 54 to get 6.
Take the next digit (7) from the dividend and append it to 6, then repeat: 67 / 12

Advancing to step 4:
67 divided by 12 is 5 with a remainder of 7.
Use 5 as the next digit of our solution. 
Result so far: 445.0
If we subtract 60 from 67, we get 7.
Include the next digit (4) from the dividend after 7, then repeat: 74 / 12

Moving on to step 5:
When dividing 74 by 12, we get 6 with a remainder of 2.
Put 6 as the next digit of the answer. 
Result so far: 4456.0
If we subtract 72 from 74, we get 2.
Bring next digit (0) of the dividend behind the 2 and repeat the process: 20 / 12

Moving on to step 6:
The number 12 fits into 20 1 times, leaving a remainder of 8.
Record the quotient 1 as the next digit in the result. 
Result so far: 44561.0
If we take 12 away from 20, we end up with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

On to step 7:
If we divide 80 by 12, we get 6 and a remainder of 8.
The number 6 becomes the next digit in our result. 
Result so far: 44561.6
Subtract 72 from 80 to get 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Moving on to step 8:
12 goes into 80 6 times with a remainder of 8.
Use 6 as the next digit of our solution. 
Result so far: 44561.66
The remainder is 8 after subtracting 72 from 80.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

In conclusion, the division gives 44561.66 with a balance of 0.008.