We look at the division of 481309 by 60 
We're looking to find how many times 60 goes into 481309.

Let's proceed to step 1:
When dividing 4 by 60, we get 0 with a remainder of 4.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 4 to get 4.
Grab the next digit (8) from the dividend, add it to 4, then carry on: 48 / 60

Going ahead to step 2:
When dividing 48 by 60, we get 0 with a remainder of 48.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we take 0 away from 48, we end up with 48.
Append the next digit (1) from the dividend to 48 and continue with: 481 / 60

On to step 3:
60 can be fit into 481 8 times, resulting in a remainder of 1.
Write down 8 as next digit of the result. 
Result so far: 8.0
If we subtract 480 from 481, we get 1.
Grab the next digit (3) from the dividend, add it to 1, then carry on: 13 / 60

Let's proceed to step 4:
If we divide 13 by 60, we get 0 and a remainder of 13.
Record the quotient 0 as the next digit in the result. 
Result so far: 80.0
Deduct 0 from 13 and we're left with 13.
Bring next digit (0) of the dividend behind the 13 and repeat the process: 130 / 60

Let's proceed to step 5:
60 can be fit into 130 2 times, resulting in a remainder of 10.
Write down 2 as next digit of the result. 
Result so far: 802.0
The remainder is 10 after subtracting 120 from 130.
Take the next digit (9) from the dividend and append it to 10, then repeat: 109 / 60

Let's proceed to step 6:
60 goes into 109 1 times with a remainder of 49.
The next digit of our result is 1. 
Result so far: 8021.0
The remainder is 49 after subtracting 60 from 109.
Since there are no more digits in the dividend, we add a zero to the remainder making it 490, and continue the process.

On to step 7:
60 can be fit into 490 8 times, resulting in a remainder of 10.
Write down 8 as next digit of the result. 
Result so far: 8021.8
The remainder is 10 after subtracting 480 from 490.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Step 8:
If we divide 100 by 60, we get 1 and a remainder of 40.
Put 1 as the next digit of the answer. 
Result so far: 8021.81
Subtract 60 from 100 to get 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

On to step 9:
When dividing 400 by 60, we get 6 with a remainder of 40.
Put 6 as the next digit of the answer. 
Result so far: 8021.816
Subtract 360 from 400 to get 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 10:
60 can be fit into 400 6 times, resulting in a remainder of 40.
Use 6 as the next digit of our solution. 
Result so far: 8021.8166
Subtracting 360 from 400 leaves us 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.

In conclusion, the division gives 8021.8166 with a balance of 0.0004.