Let's divide 494295 by 8
We want to divide 494295 by 8.

On to step 1:
8 can be fit into 4 0 times, resulting in a remainder of 4.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtract 0 from 4 to get 4.
Append the next digit (9) from the dividend to 4 and continue with: 49 / 8

Let's proceed to step 2:
8 goes into 49 6 times with a remainder of 1.
The number 6 becomes the next digit in our result. 
Result so far: 6.0
Subtract 48 from 49 to get 1.
Bring next digit (4) of the dividend behind the 1 and repeat the process: 14 / 8

Advancing to step 3:
When dividing 14 by 8, we get 1 with a remainder of 6.
Use 1 as the next digit of our solution. 
Result so far: 61.0
Subtracting 8 from 14 leaves us with 6.
Append the next digit (2) from the dividend to 6 and continue with: 62 / 8

Moving on to step 4:
If we divide 62 by 8, we get 7 and a remainder of 6.
Record the quotient 7 as the next digit in the result. 
Result so far: 617.0
Subtracting 56 from 62 leaves us with 6.
Append the next digit (9) from the dividend to 6 and continue with: 69 / 8

Going ahead to step 5:
The number 8 fits into 69 8 times, leaving a remainder of 5.
The next digit of our result is 8. 
Result so far: 6178.0
If we take 64 away from 69, we end up with 5.
Bring next digit (5) of the dividend behind the 5 and repeat the process: 55 / 8

Let's proceed to step 6:
55 divided by 8 is 6 with a remainder of 7.
The number 6 becomes the next digit in our result. 
Result so far: 61786.0
If we take 48 away from 55, we end up with 7.
Since there are no more digits in the dividend, we add a zero to the remainder making it 70, and continue the process.

Advancing to step 7:
When dividing 70 by 8, we get 8 with a remainder of 6.
Write down 8 as next digit of the result. 
Result so far: 61786.8
If we take 64 away from 70, we end up with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Let's proceed to step 8:
8 can be fit into 60 7 times, resulting in a remainder of 4.
The next digit of our result is 7. 
Result so far: 61786.87
Subtract 56 from 60 to get 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Moving on to step 9:
The number 8 fits into 40 5 times, leaving a remainder of 0.
The next digit of our result is 5. 
Result so far: 61786.875
Deduct 40 from 40 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.

Going ahead to step 10:
When dividing 0 by 8, we get 0 with a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 61786.875
If we subtract 0 from 0, 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.

On to step 11:
8 goes into 0 0 times with a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 61786.875
If we subtract 0 from 0, 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.

In conclusion, the division gives 61786.875 with a balance of 0.0.