We look at the division of 502034 by 12 
We want to figure out the number of times 502034 can be divided by 12.

Step 1:
The number 12 fits into 5 0 times, leaving a remainder of 5.
Write down 0 as next digit of the result. 
Result so far: 0.0
If we take 0 away from 5, we end up with 5.
Fetch the next digit (0) from the dividend, attach it to 5 and continue: 50 / 12

Let's proceed to step 2:
The number 12 fits into 50 4 times, leaving a remainder of 2.
Record the quotient 4 as the next digit in the result. 
Result so far: 4.0
Deduct 48 from 50 and we're left with 2.
Grab the next digit (2) from the dividend, add it to 2, then carry on: 22 / 12

Advancing to step 3:
22 divided by 12 is 1 with a remainder of 10.
Put 1 as the next digit of the answer. 
Result so far: 41.0
If we subtract 12 from 22, we get 10.
Bring next digit (0) of the dividend behind the 10 and repeat the process: 100 / 12

Advancing to step 4:
12 can be fit into 100 8 times, resulting in a remainder of 4.
Write down 8 as next digit of the result. 
Result so far: 418.0
The remainder is 4 after subtracting 96 from 100.
Bring next digit (3) of the dividend behind the 4 and repeat the process: 43 / 12

Moving on to step 5:
12 goes into 43 3 times with a remainder of 7.
The number 3 becomes the next digit in our result. 
Result so far: 4183.0
The remainder is 7 after subtracting 36 from 43.
Grab the next digit (4) from the dividend, add it to 7, then carry on: 74 / 12

Step 6:
If we divide 74 by 12, we get 6 and a remainder of 2.
Write down 6 as next digit of the result. 
Result so far: 41836.0
Subtracting 72 from 74 leaves us with 2.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

Advancing to step 7:
When dividing 20 by 12, we get 1 with a remainder of 8.
Write down 1 as next digit of the result. 
Result so far: 41836.1
Deduct 12 from 20 and we're left with 8.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Let's proceed to step 8:
The number 12 fits into 80 6 times, leaving a remainder of 8.
The next digit of our result is 6. 
Result so far: 41836.16
The remainder is 8 after subtracting 72 from 80.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

Going ahead to step 9:
If we divide 80 by 12, we get 6 and a remainder of 8.
Record the quotient 6 as the next digit in the result. 
Result so far: 41836.166
The remainder is 8 after subtracting 72 from 80.
Since there are no more digits in the dividend, we add a zero to the remainder making it 80, and continue the process.

In conclusion, the division gives 41836.166 with a balance of 0.0008.