We're dividing 123076 by 86 
We're looking to find how many times 86 goes into 123076.

Let's proceed to step 1:
When dividing 1 by 86, we get 0 with a remainder of 1.
Put 0 as the next digit of the answer. 
Result so far: 0.0
If we subtract 0 from 1, we get 1.
Fetch the next digit (2) from the dividend, attach it to 1 and continue: 12 / 86

Let's proceed to step 2:
12 divided by 86 is 0 with a remainder of 12.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 12 to get 12.
Bring next digit (3) of the dividend behind the 12 and repeat the process: 123 / 86

Advancing to step 3:
If we divide 123 by 86, we get 1 and a remainder of 37.
The next digit of our result is 1. 
Result so far: 1.0
Subtract 86 from 123 to get 37.
Bring next digit (0) of the dividend behind the 37 and repeat the process: 370 / 86

Let's proceed to step 4:
If we divide 370 by 86, we get 4 and a remainder of 26.
Write down 4 as next digit of the result. 
Result so far: 14.0
If we subtract 344 from 370, we get 26.
Fetch the next digit (7) from the dividend, attach it to 26 and continue: 267 / 86

Moving on to step 5:
The number 86 fits into 267 3 times, leaving a remainder of 9.
Write down 3 as next digit of the result. 
Result so far: 143.0
Subtract 258 from 267 to get 9.
Include the next digit (6) from the dividend after 9, then repeat: 96 / 86

Let's proceed to step 6:
96 divided by 86 is 1 with a remainder of 10.
Record the quotient 1 as the next digit in the result. 
Result so far: 1431.0
The remainder is 10 after subtracting 86 from 96.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Let's proceed to step 7:
The number 86 fits into 100 1 times, leaving a remainder of 14.
Write down 1 as next digit of the result. 
Result so far: 1431.1
Deduct 86 from 100 and we're left with 14.
Since there are no more digits in the dividend, we add a zero to the remainder making it 140, and continue the process.

Advancing to step 8:
86 can be fit into 140 1 times, resulting in a remainder of 54.
Put 1 as the next digit of the answer. 
Result so far: 1431.11
The remainder is 54 after subtracting 86 from 140.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

The quotient of the division is 1431.11, and the remainder is 0.054.