We're dividing 553406 by 2 
Our goal is to divide 553406 by 2.

Let's proceed to step 1:
When dividing 5 by 2, we get 2 with a remainder of 1.
The next digit of our result is 2. 
Result so far: 2.0
Subtract 4 from 5 to get 1.
Bring next digit (5) of the dividend behind the 1 and repeat the process: 15 / 2

On to step 2:
2 can be fit into 15 7 times, resulting in a remainder of 1.
The number 7 becomes the next digit in our result. 
Result so far: 27.0
Deduct 14 from 15 and we're left with 1.
Append the next digit (3) from the dividend to 1 and continue with: 13 / 2

On to step 3:
13 divided by 2 is 6 with a remainder of 1.
Use 6 as the next digit of our solution. 
Result so far: 276.0
Subtracting 12 from 13 leaves us with 1.
Include the next digit (4) from the dividend after 1, then repeat: 14 / 2

Going ahead to step 4:
When dividing 14 by 2, we get 7 with a remainder of 0.
Use 7 as the next digit of our solution. 
Result so far: 2767.0
The remainder is 0 after subtracting 14 from 14.
Bring next digit (0) of the dividend behind the 0 and repeat the process: 0 / 2

On to step 5:
2 can be fit into 0 0 times, resulting in a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 27670.0
Subtract 0 from 0 to get 0.
Bring next digit (6) of the dividend behind the 0 and repeat the process: 6 / 2

Going ahead to step 6:
6 divided by 2 is 3 with a remainder of 0.
Put 3 as the next digit of the answer. 
Result so far: 276703.0
The remainder is 0 after subtracting 6 from 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

On to step 7:
2 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: 276703.0
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.

Let's proceed to step 8:
2 goes into 0 0 times with a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 276703.0
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 276703.0 with a balance of 0.0.