We're dividing 492342 by 8 
We want to divide 492342 by 8.

Going ahead to step 1:
8 can be fit into 4 0 times, resulting in a remainder of 4.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtracting 0 from 4 leaves us with 4.
Fetch the next digit (9) from the dividend, attach it to 4 and continue: 49 / 8

Let's proceed to step 2:
8 can be fit into 49 6 times, resulting in a remainder of 1.
The number 6 becomes the next digit in our result. 
Result so far: 6.0
The remainder is 1 after subtracting 48 from 49.
Take the next digit (2) from the dividend and append it to 1, then repeat: 12 / 8

Advancing to step 3:
The number 8 fits into 12 1 times, leaving a remainder of 4.
Record the quotient 1 as the next digit in the result. 
Result so far: 61.0
If we subtract 8 from 12, we get 4.
Bring next digit (3) of the dividend behind the 4 and repeat the process: 43 / 8

Going ahead to step 4:
The number 8 fits into 43 5 times, leaving a remainder of 3.
Write down 5 as next digit of the result. 
Result so far: 615.0
If we subtract 40 from 43, we get 3.
Take the next digit (4) from the dividend and append it to 3, then repeat: 34 / 8

Let's proceed to step 5:
8 goes into 34 4 times with a remainder of 2.
Put 4 as the next digit of the answer. 
Result so far: 6154.0
The remainder is 2 after subtracting 32 from 34.
Append the next digit (2) from the dividend to 2 and continue with: 22 / 8

Moving on to step 6:
8 goes into 22 2 times with a remainder of 6.
Put 2 as the next digit of the answer. 
Result so far: 61542.0
The remainder is 6 after subtracting 16 from 22.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Going ahead to step 7:
8 can be fit into 60 7 times, resulting in a remainder of 4.
Put 7 as the next digit of the answer. 
Result so far: 61542.7
Deduct 56 from 60 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.

Going ahead to step 8:
8 goes into 40 5 times with a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 61542.75
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.

Let's proceed to step 9:
8 can be fit into 0 0 times, resulting in a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 61542.75
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.

Moving on to step 10:
0 divided by 8 is 0 with a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 61542.75
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.

The final outcome is 61542.75, with a leftover of 0.0.