Hello, thank you for reaching out to Microsoft Q&A.
To install Office applications on another PC:
- Go to the Microsoft account Services & Subscriptions page and sign in: https://account.microsoft.com/services
- Download the Office Home 2024 setup files by clicking "Install" next to your edition.
- Run the Office setup.exe file to begin the installation.
- Once the installation is complete, sign in to the Office apps with your Microsoft account to activate them.
Since the license is for two PCs, you can install it on this device without issue.
If you encounter any issues, go to the Microsoft devices section, remove your old device, and then activate Office apps on the working computer.
https://account.microsoft.com/devices
Let me know if you still need more help.