Let's divide 554353 by 8
We're looking to find how many times 8 goes into 554353.

Going ahead to step 1:
8 can be fit into 5 0 times, resulting in a remainder of 5.
Write down 0 as next digit of the result. 
Result so far: 0.0
Deduct 0 from 5 and we're left with 5.
Bring next digit (5) of the dividend behind the 5 and repeat the process: 55 / 8

Advancing to step 2:
8 can be fit into 55 6 times, resulting in a remainder of 7.
Put 6 as the next digit of the answer. 
Result so far: 6.0
Subtract 48 from 55 to get 7.
Grab the next digit (4) from the dividend, add it to 7, then carry on: 74 / 8

On to step 3:
When dividing 74 by 8, we get 9 with a remainder of 2.
Write down 9 as next digit of the result. 
Result so far: 69.0
The remainder is 2 after subtracting 72 from 74.
Fetch the next digit (3) from the dividend, attach it to 2 and continue: 23 / 8

Step 4:
23 divided by 8 is 2 with a remainder of 7.
The next digit of our result is 2. 
Result so far: 692.0
Subtracting 16 from 23 leaves us with 7.
Take the next digit (5) from the dividend and append it to 7, then repeat: 75 / 8

Let's proceed to step 5:
When dividing 75 by 8, we get 9 with a remainder of 3.
Use 9 as the next digit of our solution. 
Result so far: 6929.0
Subtracting 72 from 75 leaves us with 3.
Grab the next digit (3) from the dividend, add it to 3, then carry on: 33 / 8

Advancing to step 6:
8 goes into 33 4 times with a remainder of 1.
Write down 4 as next digit of the result. 
Result so far: 69294.0
Subtract 32 from 33 to get 1.
Since there are no more digits in the dividend, we add a zero to the remainder making it 10, and continue the process.

On to step 7:
10 divided by 8 is 1 with a remainder of 2.
Put 1 as the next digit of the answer. 
Result so far: 69294.1
If we subtract 8 from 10, we get 2.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

On to step 8:
8 goes into 20 2 times with a remainder of 4.
The number 2 becomes the next digit in our result. 
Result so far: 69294.12
Deduct 16 from 20 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 9:
8 can be fit into 40 5 times, resulting in a remainder of 0.
The number 5 becomes the next digit in our result. 
Result so far: 69294.125
Subtract 40 from 40 to 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.

On to step 10:
8 can be fit into 0 0 times, resulting in a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 69294.125
Subtracting 0 from 0 leaves us 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.

Going ahead to step 11:
When dividing 0 by 8, we get 0 with a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 69294.125
Subtract 0 from 0 to 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.

In conclusion, the division gives 69294.125 with a balance of 0.0.