We're dividing 534406 by 4 
We want to figure out the number of times 534406 can be divided by 4.

Going ahead to step 1:
The number 4 fits into 5 1 times, leaving a remainder of 1.
Record the quotient 1 as the next digit in the result. 
Result so far: 1.0
If we subtract 4 from 5, we get 1.
Include the next digit (3) from the dividend after 1, then repeat: 13 / 4

Let's proceed to step 2:
When dividing 13 by 4, we get 3 with a remainder of 1.
Write down 3 as next digit of the result. 
Result so far: 13.0
If we subtract 12 from 13, we get 1.
Fetch the next digit (4) from the dividend, attach it to 1 and continue: 14 / 4

Step 3:
14 divided by 4 is 3 with a remainder of 2.
The number 3 becomes the next digit in our result. 
Result so far: 133.0
Deduct 12 from 14 and we're left with 2.
Grab the next digit (4) from the dividend, add it to 2, then carry on: 24 / 4

Moving on to step 4:
24 divided by 4 is 6 with a remainder of 0.
Use 6 as the next digit of our solution. 
Result so far: 1336.0
Subtracting 24 from 24 leaves us with 0.
Take the next digit (0) from the dividend and append it to 0, then repeat: 0 / 4

Step 5:
If we divide 0 by 4, we get 0 and a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 13360.0
Subtracting 0 from 0 leaves us with 0.
Append the next digit (6) from the dividend to 0 and continue with: 6 / 4

On to step 6:
If we divide 6 by 4, we get 1 and a remainder of 2.
Record the quotient 1 as the next digit in the result. 
Result so far: 133601.0
Subtracting 4 from 6 leaves us with 2.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

On to step 7:
When dividing 20 by 4, we get 5 with a remainder of 0.
Put 5 as the next digit of the answer. 
Result so far: 133601.5
If we subtract 20 from 20, we get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Advancing to step 8:
4 can be fit into 0 0 times, resulting in a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 133601.5
Subtract 0 from 0 to get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 9:
If we divide 0 by 4, we get 0 and a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 133601.5
Subtract 0 from 0 to get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 133601.5 with a balance of 0.0.