We're dividing 740060 by 40 
We're looking to find how many times 40 goes into 740060.

Going ahead to step 1:
If we divide 7 by 40, we get 0 and a remainder of 7.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Deduct 0 from 7 and we're left with 7.
Take the next digit (4) from the dividend and append it to 7, then repeat: 74 / 40

Advancing to step 2:
If we divide 74 by 40, we get 1 and a remainder of 34.
Put 1 as the next digit of the answer. 
Result so far: 1.0
Subtract 40 from 74 to get 34.
Bring next digit (0) of the dividend behind the 34 and repeat the process: 340 / 40

Going ahead to step 3:
When dividing 340 by 40, we get 8 with a remainder of 20.
Write down 8 as next digit of the result. 
Result so far: 18.0
Subtracting 320 from 340 leaves us with 20.
Include the next digit (0) from the dividend after 20, then repeat: 200 / 40

Moving on to step 4:
40 can be fit into 200 5 times, resulting in a remainder of 0.
The number 5 becomes the next digit in our result. 
Result so far: 185.0
Subtracting 200 from 200 leaves us with 0.
Append the next digit (6) from the dividend to 0 and continue with: 6 / 40

Let's proceed to step 5:
The number 40 fits into 6 0 times, leaving a remainder of 6.
The number 0 becomes the next digit in our result. 
Result so far: 1850.0
The remainder is 6 after subtracting 0 from 6.
Fetch the next digit (0) from the dividend, attach it to 6 and continue: 60 / 40

Step 6:
40 can be fit into 60 1 times, resulting in a remainder of 20.
Record the quotient 1 as the next digit in the result. 
Result so far: 18501.0
Subtracting 40 from 60 leaves us with 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Advancing to step 7:
200 divided by 40 is 5 with a remainder of 0.
The next digit of our result is 5. 
Result so far: 18501.5
If we take 200 away from 200, we end up with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Step 8:
40 can be fit into 0 0 times, resulting in a remainder of 0.
The next digit of our result is 0. 
Result so far: 18501.5
If we subtract 0 from 0, 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 9:
If we divide 0 by 40, we get 0 and a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 18501.5
If we take 0 away from 0, we end up with 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 18501.5 with a balance of 0.0.