We divide 264986 by 98
We're looking to find how many times 98 goes into 264986.

Going ahead to step 1:
98 can be fit into 2 0 times, resulting in a remainder of 2.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 2 to get 2.
Include the next digit (6) from the dividend after 2, then repeat: 26 / 98

Advancing to step 2:
98 can be fit into 26 0 times, resulting in a remainder of 26.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we take 0 away from 26, we end up with 26.
Append the next digit (4) from the dividend to 26 and continue with: 264 / 98

Going ahead to step 3:
264 divided by 98 is 2 with a remainder of 68.
Put 2 as the next digit of the answer. 
Result so far: 2.0
Subtract 196 from 264 to get 68.
Fetch the next digit (9) from the dividend, attach it to 68 and continue: 689 / 98

Going ahead to step 4:
98 can be fit into 689 7 times, resulting in a remainder of 3.
Record the quotient 7 as the next digit in the result. 
Result so far: 27.0
Subtract 686 from 689 to get 3.
Bring next digit (8) of the dividend behind the 3 and repeat the process: 38 / 98

Advancing to step 5:
If we divide 38 by 98, we get 0 and a remainder of 38.
Use 0 as the next digit of our solution. 
Result so far: 270.0
If we subtract 0 from 38, we get 38.
Include the next digit (6) from the dividend after 38, then repeat: 386 / 98

Step 6:
If we divide 386 by 98, we get 3 and a remainder of 92.
Write down 3 as next digit of the result. 
Result so far: 2703.0
Subtract 294 from 386 to get 92.
Since there are no more digits in the dividend, we add a zero to the remainder making it 920, and continue the process.

On to step 7:
If we divide 920 by 98, we get 9 and a remainder of 38.
Use 9 as the next digit of our solution. 
Result so far: 2703.9
Subtracting 882 from 920 leaves us with 38.
Since there are no more digits in the dividend, we add a zero to the remainder making it 380, and continue the process.

Moving on to step 8:
380 divided by 98 is 3 with a remainder of 86.
The number 3 becomes the next digit in our result. 
Result so far: 2703.93
Deduct 294 from 380 and we're left with 86.
Since there are no more digits in the dividend, we add a zero to the remainder making it 860, and continue the process.

Advancing to step 9:
860 divided by 98 is 8 with a remainder of 76.
Record the quotient 8 as the next digit in the result. 
Result so far: 2703.938
Subtracting 784 from 860 leaves us with 76.
Since there are no more digits in the dividend, we add a zero to the remainder making it 760, and continue the process.

On to step 10:
If we divide 760 by 98, we get 7 and a remainder of 74.
Use 7 as the next digit of our solution. 
Result so far: 2703.9387
Subtract 686 from 760 to get 74.
Since there are no more digits in the dividend, we add a zero to the remainder making it 740, and continue the process.

Let's proceed to step 11:
When dividing 740 by 98, we get 7 with a remainder of 54.
Put 7 as the next digit of the answer. 
Result so far: 2703.93877
Deduct 686 from 740 and we're left with 54.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

The final outcome is 2703.93877, with a leftover of 5.4e-05.