We divide 242481 by 2
We want to figure out the number of times 242481 can be divided by 2.

Advancing to step 1:
2 can be fit into 2 1 times, resulting in a remainder of 0.
Write down 1 as next digit of the result. 
Result so far: 1.0
Subtract 2 from 2 to get 0.
Include the next digit (4) from the dividend after 0, then repeat: 4 / 2

Moving on to step 2:
4 divided by 2 is 2 with a remainder of 0.
Use 2 as the next digit of our solution. 
Result so far: 12.0
Subtract 4 from 4 to get 0.
Bring next digit (2) of the dividend behind the 0 and repeat the process: 2 / 2

Step 3:
The number 2 fits into 2 1 times, leaving a remainder of 0.
Use 1 as the next digit of our solution. 
Result so far: 121.0
Deduct 2 from 2 and we're left with 0.
Take the next digit (4) from the dividend and append it to 0, then repeat: 4 / 2

Going ahead to step 4:
The number 2 fits into 4 2 times, leaving a remainder of 0.
Put 2 as the next digit of the answer. 
Result so far: 1212.0
The remainder is 0 after subtracting 4 from 4.
Include the next digit (8) from the dividend after 0, then repeat: 8 / 2

Moving on to step 5:
2 goes into 8 4 times with a remainder of 0.
Write down 4 as next digit of the result. 
Result so far: 12124.0
The remainder is 0 after subtracting 8 from 8.
Append the next digit (1) from the dividend to 0 and continue with: 1 / 2

Going ahead to step 6:
2 can be fit into 1 0 times, resulting in a remainder of 1.
The number 0 becomes the next digit in our result. 
Result so far: 121240.0
The remainder is 1 after subtracting 0 from 1.
Since there are no more digits in the dividend, we add a zero to the remainder making it 10, and continue the process.

Going ahead to step 7:
If we divide 10 by 2, we get 5 and a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 121240.5
Subtract 10 from 10 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.

On to step 8:
The number 2 fits into 0 0 times, leaving a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 121240.5
Subtracting 0 from 0 leaves us 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.

Going ahead to step 9:
If we divide 0 by 2, we get 0 and a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 121240.5
The remainder is 0 after subtracting 0 from 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

After the division, we end up with 121240.5 and a remainder of 0.0.