121376 ÷ 2 
We want to figure out the number of times 121376 can be divided by 2.

On to step 1:
If we divide 1 by 2, we get 0 and a remainder of 1.
The next digit of our result is 0. 
Result so far: 0.0
If we subtract 0 from 1, we get 1.
Grab the next digit (2) from the dividend, add it to 1, then carry on: 12 / 2

Advancing to step 2:
When dividing 12 by 2, we get 6 with a remainder of 0.
Put 6 as the next digit of the answer. 
Result so far: 6.0
If we take 12 away from 12, we end up with 0.
Append the next digit (1) from the dividend to 0 and continue with: 1 / 2

Let's proceed to step 3:
1 divided by 2 is 0 with a remainder of 1.
Record the quotient 0 as the next digit in the result. 
Result so far: 60.0
If we take 0 away from 1, we end up with 1.
Bring next digit (3) of the dividend behind the 1 and repeat the process: 13 / 2

Advancing to step 4:
The number 2 fits into 13 6 times, leaving a remainder of 1.
Write down 6 as next digit of the result. 
Result so far: 606.0
Subtracting 12 from 13 leaves us with 1.
Fetch the next digit (7) from the dividend, attach it to 1 and continue: 17 / 2

On to step 5:
17 divided by 2 is 8 with a remainder of 1.
The next digit of our result is 8. 
Result so far: 6068.0
Deduct 16 from 17 and we're left with 1.
Bring next digit (6) of the dividend behind the 1 and repeat the process: 16 / 2

Advancing to step 6:
16 divided by 2 is 8 with a remainder of 0.
Write down 8 as next digit of the result. 
Result so far: 60688.0
If we subtract 16 from 16, we get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 7:
2 can be fit into 0 0 times, resulting in a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 60688.0
If we subtract 0 from 0, we get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Step 8:
2 goes into 0 0 times with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 60688.0
Subtract 0 from 0 to get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

The final outcome is 60688.0, with a leftover of 0.0.