We divide 240500 by 40
Our goal is to divide 240500 by 40.

Step 1:
2 divided by 40 is 0 with a remainder of 2.
The next digit of our result is 0. 
Result so far: 0.0
Deduct 0 from 2 and we're left with 2.
Include the next digit (4) from the dividend after 2, then repeat: 24 / 40

Going ahead to step 2:
40 goes into 24 0 times with a remainder of 24.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
If we subtract 0 from 24, we get 24.
Bring next digit (0) of the dividend behind the 24 and repeat the process: 240 / 40

Going ahead to step 3:
When dividing 240 by 40, we get 6 with a remainder of 0.
The next digit of our result is 6. 
Result so far: 6.0
The remainder is 0 after subtracting 240 from 240.
Bring next digit (5) of the dividend behind the 0 and repeat the process: 5 / 40

Let's proceed to step 4:
40 can be fit into 5 0 times, resulting in a remainder of 5.
Use 0 as the next digit of our solution. 
Result so far: 60.0
If we subtract 0 from 5, we get 5.
Include the next digit (0) from the dividend after 5, then repeat: 50 / 40

Advancing to step 5:
If we divide 50 by 40, we get 1 and a remainder of 10.
The number 1 becomes the next digit in our result. 
Result so far: 601.0
Deduct 40 from 50 and we're left with 10.
Take the next digit (0) from the dividend and append it to 10, then repeat: 100 / 40

Step 6:
40 can be fit into 100 2 times, resulting in a remainder of 20.
Put 2 as the next digit of the answer. 
Result so far: 6012.0
Subtract 80 from 100 to get 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:
40 goes into 200 5 times with a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 6012.5
The remainder is 0 after subtracting 200 from 200.
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 8:
The number 40 fits into 0 0 times, leaving a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 6012.5
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.

Going ahead to step 9:
When dividing 0 by 40, we get 0 with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 6012.5
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 6012.5 with a balance of 0.0.