We look at the division of 342862 by 40 
We're looking to find how many times 40 goes into 342862.

Step 1:
When dividing 3 by 40, we get 0 with a remainder of 3.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 3 leaves us with 3.
Take the next digit (4) from the dividend and append it to 3, then repeat: 34 / 40

Step 2:
The number 40 fits into 34 0 times, leaving a remainder of 34.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
If we take 0 away from 34, we end up with 34.
Fetch the next digit (2) from the dividend, attach it to 34 and continue: 342 / 40

Step 3:
If we divide 342 by 40, we get 8 and a remainder of 22.
The next digit of our result is 8. 
Result so far: 8.0
Deduct 320 from 342 and we're left with 22.
Append the next digit (8) from the dividend to 22 and continue with: 228 / 40

Let's proceed to step 4:
The number 40 fits into 228 5 times, leaving a remainder of 28.
Use 5 as the next digit of our solution. 
Result so far: 85.0
Subtract 200 from 228 to get 28.
Take the next digit (6) from the dividend and append it to 28, then repeat: 286 / 40

On to step 5:
If we divide 286 by 40, we get 7 and a remainder of 6.
The number 7 becomes the next digit in our result. 
Result so far: 857.0
Subtract 280 from 286 to get 6.
Take the next digit (2) from the dividend and append it to 6, then repeat: 62 / 40

Step 6:
If we divide 62 by 40, we get 1 and a remainder of 22.
The number 1 becomes the next digit in our result. 
Result so far: 8571.0
If we take 40 away from 62, we end up with 22.
Since there are no more digits in the dividend, we add a zero to the remainder making it 220, and continue the process.

Step 7:
40 can be fit into 220 5 times, resulting in a remainder of 20.
Write down 5 as next digit of the result. 
Result so far: 8571.5
If we take 200 away from 220, we end up 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.

Let's proceed to step 8:
When dividing 200 by 40, we get 5 with a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 8571.55
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.

In conclusion, the division gives 8571.55 with a balance of 0.0.