We're dividing 514723 by 89 
We want to figure out the number of times 514723 can be divided by 89.

Advancing to step 1:
When dividing 5 by 89, 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.
Fetch the next digit (1) from the dividend, attach it to 5 and continue: 51 / 89

Moving on to step 2:
If we divide 51 by 89, we get 0 and a remainder of 51.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Subtract 0 from 51 to get 51.
Take the next digit (4) from the dividend and append it to 51, then repeat: 514 / 89

Step 3:
The number 89 fits into 514 5 times, leaving a remainder of 69.
Record the quotient 5 as the next digit in the result. 
Result so far: 5.0
Subtracting 445 from 514 leaves us with 69.
Append the next digit (7) from the dividend to 69 and continue with: 697 / 89

Let's proceed to step 4:
89 can be fit into 697 7 times, resulting in a remainder of 74.
Put 7 as the next digit of the answer. 
Result so far: 57.0
Subtract 623 from 697 to get 74.
Take the next digit (2) from the dividend and append it to 74, then repeat: 742 / 89

Let's proceed to step 5:
742 divided by 89 is 8 with a remainder of 30.
The next digit of our result is 8. 
Result so far: 578.0
Deduct 712 from 742 and we're left with 30.
Fetch the next digit (3) from the dividend, attach it to 30 and continue: 303 / 89

Step 6:
If we divide 303 by 89, we get 3 and a remainder of 36.
Write down 3 as next digit of the result. 
Result so far: 5783.0
Deduct 267 from 303 and we're left with 36.
Since there are no more digits in the dividend, we add a zero to the remainder making it 360, and continue the process.

Going ahead to step 7:
The number 89 fits into 360 4 times, leaving a remainder of 4.
Use 4 as the next digit of our solution. 
Result so far: 5783.4
Deduct 356 from 360 and we're left with 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Advancing to step 8:
The number 89 fits into 40 0 times, leaving a remainder of 40.
Use 0 as the next digit of our solution. 
Result so far: 5783.4
The remainder is 40 after subtracting 0 from 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Let's proceed to step 9:
400 divided by 89 is 4 with a remainder of 44.
Write down 4 as next digit of the result. 
Result so far: 5783.404
Subtract 356 from 400 to get 44.
Since there are no more digits in the dividend, we add a zero to the remainder making it 440, and continue the process.

Let's proceed to step 10:
89 can be fit into 440 4 times, resulting in a remainder of 84.
Use 4 as the next digit of our solution. 
Result so far: 5783.4044
The remainder is 84 after subtracting 356 from 440.
Since there are no more digits in the dividend, we add a zero to the remainder making it 840, and continue the process.

In conclusion, the division gives 5783.4044 with a balance of 0.00084.