We're dividing 480416 by 8 
We want to figure out the number of times 480416 can be divided by 8.

Advancing to step 1:
When dividing 4 by 8, we get 0 with a remainder of 4.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtracting 0 from 4 leaves us with 4.
Grab the next digit (8) from the dividend, add it to 4, then carry on: 48 / 8

Going ahead to step 2:
8 goes into 48 6 times with a remainder of 0.
Put 6 as the next digit of the answer. 
Result so far: 6.0
Deduct 48 from 48 and we're left with 0.
Include the next digit (0) from the dividend after 0, then repeat: 0 / 8

Moving on to step 3:
When dividing 0 by 8, we get 0 with a remainder of 0.
The next digit of our result is 0. 
Result so far: 60.0
Deduct 0 from 0 and we're left with 0.
Bring next digit (4) of the dividend behind the 0 and repeat the process: 4 / 8

Let's proceed to step 4:
4 divided by 8 is 0 with a remainder of 4.
Record the quotient 0 as the next digit in the result. 
Result so far: 600.0
The remainder is 4 after subtracting 0 from 4.
Take the next digit (1) from the dividend and append it to 4, then repeat: 41 / 8

Moving on to step 5:
When dividing 41 by 8, we get 5 with a remainder of 1.
Use 5 as the next digit of our solution. 
Result so far: 6005.0
Subtract 40 from 41 to get 1.
Append the next digit (6) from the dividend to 1 and continue with: 16 / 8

Let's proceed to step 6:
When dividing 16 by 8, we get 2 with a remainder of 0.
Write down 2 as next digit of the result. 
Result so far: 60052.0
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.

Advancing to step 7:
If we divide 0 by 8, we get 0 and a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 60052.0
Deduct 0 from 0 and we're left 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.

Step 8:
8 goes into 0 0 times with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 60052.0
The remainder is 0 after subtracting 0 from 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

The final outcome is 60052.0, with a leftover of 0.0.