We're dividing 703960 by 16 
Let's see how many times 16 fits into 703960.

Let's proceed to step 1:
The number 16 fits into 7 0 times, leaving a remainder of 7.
The next digit of our result is 0. 
Result so far: 0.0
Subtract 0 from 7 to get 7.
Fetch the next digit (0) from the dividend, attach it to 7 and continue: 70 / 16

Moving on to step 2:
The number 16 fits into 70 4 times, leaving a remainder of 6.
Write down 4 as next digit of the result. 
Result so far: 4.0
If we subtract 64 from 70, we get 6.
Take the next digit (3) from the dividend and append it to 6, then repeat: 63 / 16

Let's proceed to step 3:
16 goes into 63 3 times with a remainder of 15.
Write down 3 as next digit of the result. 
Result so far: 43.0
Deduct 48 from 63 and we're left with 15.
Take the next digit (9) from the dividend and append it to 15, then repeat: 159 / 16

Going ahead to step 4:
16 goes into 159 9 times with a remainder of 15.
The number 9 becomes the next digit in our result. 
Result so far: 439.0
If we take 144 away from 159, we end up with 15.
Fetch the next digit (6) from the dividend, attach it to 15 and continue: 156 / 16

Advancing to step 5:
The number 16 fits into 156 9 times, leaving a remainder of 12.
Use 9 as the next digit of our solution. 
Result so far: 4399.0
The remainder is 12 after subtracting 144 from 156.
Include the next digit (0) from the dividend after 12, then repeat: 120 / 16

Moving on to step 6:
16 goes into 120 7 times with a remainder of 8.
Write down 7 as next digit of the result. 
Result so far: 43997.0
Subtracting 112 from 120 leaves us 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.

Let's proceed to step 7:
16 can be fit into 80 5 times, resulting in a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 43997.5
Subtracting 80 from 80 leaves us 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:
If we divide 0 by 16, we get 0 and a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 43997.5
Subtracting 0 from 0 leaves us 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.

Going ahead to step 9:
16 goes into 0 0 times with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 43997.5
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 43997.5 with a balance of 0.0.