54940 ÷ 8 = 6867 R4
No problem, we've got 54940 and 8 for the division.

Step 1:
8 goes into 5 0 times with a remainder of 5.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 5 to get 5.
Bring next digit (4) of the dividend behind the 5 and repeat the process: 54 / 8

Step 2:
8 goes into 54 6 times with a remainder of 6.
Write down 6 as next digit of of the result. 
Result so far: 6
Subtract 48 from 54 to get 6.
Bring next digit (9) of the dividend behind the 6 and repeat the process: 69 / 8

Step 3:
8 goes into 69 8 times with a remainder of 5.
Write down 8 as next digit of of the result. 
Result so far: 68
Subtract 64 from 69 to get 5.
Bring next digit (4) of the dividend behind the 5 and repeat the process: 54 / 8

Step 4:
8 goes into 54 6 times with a remainder of 6.
Write down 6 as next digit of of the result. 
Result so far: 686
Subtract 48 from 54 to get 6.
Bring next digit (0) of the dividend behind the 6 and repeat the process: 60 / 8

Step 5:
8 goes into 60 7 times with a remainder of 4.
Write down 7 as next digit of of the result. 
Result so far: 6867
Subtract 56 from 60 to get 4.

The final result is 6867 with a remainder of 4.