We look at the division of 501056 by 2 
Let's see how many times 2 fits into 501056.

On to step 1:
2 can be fit into 5 2 times, resulting in a remainder of 1.
Use 2 as the next digit of our solution. 
Result so far: 2.0
Subtract 4 from 5 to get 1.
Take the next digit (0) from the dividend and append it to 1, then repeat: 10 / 2

Let's proceed to step 2:
2 goes into 10 5 times with a remainder of 0.
Put 5 as the next digit of the answer. 
Result so far: 25.0
If we subtract 10 from 10, we get 0.
Bring next digit (1) of the dividend behind the 0 and repeat the process: 1 / 2

Going ahead to step 3:
2 goes into 1 0 times with a remainder of 1.
Put 0 as the next digit of the answer. 
Result so far: 250.0
If we subtract 0 from 1, we get 1.
Bring next digit (0) of the dividend behind the 1 and repeat the process: 10 / 2

Going ahead to step 4:
2 can be fit into 10 5 times, resulting in a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 2505.0
Deduct 10 from 10 and we're left with 0.
Fetch the next digit (5) from the dividend, attach it to 0 and continue: 5 / 2

Moving on to step 5:
2 can be fit into 5 2 times, resulting in a remainder of 1.
Put 2 as the next digit of the answer. 
Result so far: 25052.0
Deduct 4 from 5 and we're left with 1.
Take the next digit (6) from the dividend and append it to 1, then repeat: 16 / 2

Step 6:
If we divide 16 by 2, we get 8 and a remainder of 0.
Put 8 as the next digit of the answer. 
Result so far: 250528.0
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.

On 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: 250528.0
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.

Advancing to step 8:
When dividing 0 by 2, we get 0 with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 250528.0
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.

In conclusion, the division gives 250528.0 with a balance of 0.0.