We divide 854240 by 60
We want to figure out the number of times 854240 can be divided by 60.

On to step 1:
If we divide 8 by 60, we get 0 and a remainder of 8.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtracting 0 from 8 leaves us with 8.
Take the next digit (5) from the dividend and append it to 8, then repeat: 85 / 60

Advancing to step 2:
60 can be fit into 85 1 times, resulting in a remainder of 25.
Put 1 as the next digit of the answer. 
Result so far: 1.0
Subtract 60 from 85 to get 25.
Grab the next digit (4) from the dividend, add it to 25, then carry on: 254 / 60

Moving on to step 3:
If we divide 254 by 60, we get 4 and a remainder of 14.
Write down 4 as next digit of the result. 
Result so far: 14.0
Subtracting 240 from 254 leaves us with 14.
Fetch the next digit (2) from the dividend, attach it to 14 and continue: 142 / 60

Let's proceed to step 4:
If we divide 142 by 60, we get 2 and a remainder of 22.
The number 2 becomes the next digit in our result. 
Result so far: 142.0
If we take 120 away from 142, we end up with 22.
Take the next digit (4) from the dividend and append it to 22, then repeat: 224 / 60

On to step 5:
When dividing 224 by 60, we get 3 with a remainder of 44.
Record the quotient 3 as the next digit in the result. 
Result so far: 1423.0
The remainder is 44 after subtracting 180 from 224.
Append the next digit (0) from the dividend to 44 and continue with: 440 / 60

Moving on to step 6:
If we divide 440 by 60, we get 7 and a remainder of 20.
Use 7 as the next digit of our solution. 
Result so far: 14237.0
Subtracting 420 from 440 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.

On to step 7:
60 goes into 200 3 times with a remainder of 20.
Write down 3 as next digit of the result. 
Result so far: 14237.3
The remainder is 20 after subtracting 180 from 200.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Let's proceed to step 8:
If we divide 200 by 60, we get 3 and a remainder of 20.
Put 3 as the next digit of the answer. 
Result so far: 14237.33
Deduct 180 from 200 and we're left 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.

In conclusion, the division gives 14237.33 with a balance of 0.02.