Let's divide 1942340 by 516
We want to figure out the number of times 1942340 can be divided by 516.

Advancing to step 1:
When dividing 1 by 516, we get 0 with a remainder of 1.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
If we take 0 away from 1, we end up with 1.
Include the next digit (9) from the dividend after 1, then repeat: 19 / 516

Advancing to step 2:
516 can be fit into 19 0 times, resulting in a remainder of 19.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtract 0 from 19 to get 19.
Grab the next digit (4) from the dividend, add it to 19, then carry on: 194 / 516

Step 3:
If we divide 194 by 516, we get 0 and a remainder of 194.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtract 0 from 194 to get 194.
Include the next digit (2) from the dividend after 194, then repeat: 1942 / 516

Going ahead to step 4:
The number 516 fits into 1942 3 times, leaving a remainder of 394.
Record the quotient 3 as the next digit in the result. 
Result so far: 3.0
Subtract 1548 from 1942 to get 394.
Grab the next digit (3) from the dividend, add it to 394, then carry on: 3943 / 516

Step 5:
516 goes into 3943 7 times with a remainder of 331.
Put 7 as the next digit of the answer. 
Result so far: 37.0
The remainder is 331 after subtracting 3612 from 3943.
Fetch the next digit (4) from the dividend, attach it to 331 and continue: 3314 / 516

Step 6:
If we divide 3314 by 516, we get 6 and a remainder of 218.
The next digit of our result is 6. 
Result so far: 376.0
Subtract 3096 from 3314 to get 218.
Fetch the next digit (0) from the dividend, attach it to 218 and continue: 2180 / 516

Step 7:
516 goes into 2180 4 times with a remainder of 116.
Write down 4 as next digit of the result. 
Result so far: 3764.0
The remainder is 116 after subtracting 2064 from 2180.
Since there are no more digits in the dividend, we add a zero to the remainder making it 1160, and continue the process.

Let's proceed to step 8:
1160 divided by 516 is 2 with a remainder of 128.
Use 2 as the next digit of our solution. 
Result so far: 3764.2
Subtract 1032 from 1160 to get 128.
Since there are no more digits in the dividend, we add a zero to the remainder making it 1280, and continue the process.

Let's proceed to step 9:
If we divide 1280 by 516, we get 2 and a remainder of 248.
The number 2 becomes the next digit in our result. 
Result so far: 3764.22
Subtract 1032 from 1280 to get 248.
Since there are no more digits in the dividend, we add a zero to the remainder making it 2480, and continue the process.

In conclusion, the division gives 3764.22 with a balance of 0.248.