We're dividing 554296 by 24 
We want to divide 554296 by 24.

On to step 1:
When dividing 5 by 24, we get 0 with a remainder of 5.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtracting 0 from 5 leaves us with 5.
Take the next digit (5) from the dividend and append it to 5, then repeat: 55 / 24

Moving on to step 2:
If we divide 55 by 24, we get 2 and a remainder of 7.
The number 2 becomes the next digit in our result. 
Result so far: 2.0
If we take 48 away from 55, we end up with 7.
Append the next digit (4) from the dividend to 7 and continue with: 74 / 24

Moving on to step 3:
24 goes into 74 3 times with a remainder of 2.
Record the quotient 3 as the next digit in the result. 
Result so far: 23.0
If we subtract 72 from 74, we get 2.
Grab the next digit (2) from the dividend, add it to 2, then carry on: 22 / 24

Advancing to step 4:
22 divided by 24 is 0 with a remainder of 22.
The next digit of our result is 0. 
Result so far: 230.0
The remainder is 22 after subtracting 0 from 22.
Grab the next digit (9) from the dividend, add it to 22, then carry on: 229 / 24

On to step 5:
If we divide 229 by 24, we get 9 and a remainder of 13.
The number 9 becomes the next digit in our result. 
Result so far: 2309.0
If we subtract 216 from 229, we get 13.
Grab the next digit (6) from the dividend, add it to 13, then carry on: 136 / 24

Going ahead to step 6:
If we divide 136 by 24, we get 5 and a remainder of 16.
Use 5 as the next digit of our solution. 
Result so far: 23095.0
Subtract 120 from 136 to get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Moving on to step 7:
The number 24 fits into 160 6 times, leaving a remainder of 16.
Use 6 as the next digit of our solution. 
Result so far: 23095.6
If we take 144 away from 160, we end up with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Moving on to step 8:
24 goes into 160 6 times with a remainder of 16.
Use 6 as the next digit of our solution. 
Result so far: 23095.66
The remainder is 16 after subtracting 144 from 160.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

In conclusion, the division gives 23095.66 with a balance of 0.016.