98453 ÷ 8 = 12306 R5
Alright, let's work through the division of 98453 by 8 step by step.

Step 1:
8 goes into 9 1 times with a remainder of 1.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 8 from 9 to get 1.
Bring next digit (8) of the dividend behind the 1 and repeat the process: 18 / 8

Step 2:
8 goes into 18 2 times with a remainder of 2.
Write down 2 as next digit of of the result. 
Result so far: 12
Subtract 16 from 18 to get 2.
Bring next digit (4) of the dividend behind the 2 and repeat the process: 24 / 8

Step 3:
8 goes into 24 3 times with a remainder of 0.
Write down 3 as next digit of of the result. 
Result so far: 123
Subtract 24 from 24 to get 0.
Bring next digit (5) of the dividend behind the 0 and repeat the process: 5 / 8

Step 4:
8 goes into 5 0 times with a remainder of 5.
Write down 0 as next digit of of the result. 
Result so far: 1230
Subtract 0 from 5 to get 5.
Bring next digit (3) of the dividend behind the 5 and repeat the process: 53 / 8

Step 5:
8 goes into 53 6 times with a remainder of 5.
Write down 6 as next digit of of the result. 
Result so far: 12306
Subtract 48 from 53 to get 5.

The final result is 12306 with a remainder of 5.