We divide 514996 by 40
We want to figure out the number of times 514996 can be divided by 40.

Advancing to step 1:
When dividing 5 by 40, we get 0 with a remainder of 5.
Put 0 as the next digit of the answer. 
Result so far: 0.0
The remainder is 5 after subtracting 0 from 5.
Take the next digit (1) from the dividend and append it to 5, then repeat: 51 / 40

Advancing to step 2:
When dividing 51 by 40, we get 1 with a remainder of 11.
Write down 1 as next digit of the result. 
Result so far: 1.0
The remainder is 11 after subtracting 40 from 51.
Fetch the next digit (4) from the dividend, attach it to 11 and continue: 114 / 40

Advancing to step 3:
40 goes into 114 2 times with a remainder of 34.
Record the quotient 2 as the next digit in the result. 
Result so far: 12.0
Subtracting 80 from 114 leaves us with 34.
Include the next digit (9) from the dividend after 34, then repeat: 349 / 40

Moving on to step 4:
When dividing 349 by 40, we get 8 with a remainder of 29.
Record the quotient 8 as the next digit in the result. 
Result so far: 128.0
The remainder is 29 after subtracting 320 from 349.
Take the next digit (9) from the dividend and append it to 29, then repeat: 299 / 40

On to step 5:
40 goes into 299 7 times with a remainder of 19.
The next digit of our result is 7. 
Result so far: 1287.0
The remainder is 19 after subtracting 280 from 299.
Bring next digit (6) of the dividend behind the 19 and repeat the process: 196 / 40

Moving on to step 6:
The number 40 fits into 196 4 times, leaving a remainder of 36.
Put 4 as the next digit of the answer. 
Result so far: 12874.0
If we take 160 away from 196, we end up with 36.
Since there are no more digits in the dividend, we add a zero to the remainder making it 360, and continue the process.

Let's proceed to step 7:
40 goes into 360 9 times with a remainder of 0.
Put 9 as the next digit of the answer. 
Result so far: 12874.9
If we subtract 360 from 360, 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.

Going ahead to step 8:
40 can be fit into 0 0 times, resulting in a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 12874.9
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.

Moving on to step 9:
If we divide 0 by 40, we get 0 and a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 12874.9
Deduct 0 from 0 and we're left 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.

The final result is 12874.9 with a remainder of 0.0.