45481 ÷ 8 = 5685 R1
Alright, let's work through the division of 45481 by 8 step by step.

Step 1:
8 goes into 4 0 times with a remainder of 4.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 4 to get 4.
Bring next digit (5) of the dividend behind the 4 and repeat the process: 45 / 8

Step 2:
8 goes into 45 5 times with a remainder of 5.
Write down 5 as next digit of of the result. 
Result so far: 5
Subtract 40 from 45 to get 5.
Bring next digit (4) of the dividend behind the 5 and repeat the process: 54 / 8

Step 3:
8 goes into 54 6 times with a remainder of 6.
Write down 6 as next digit of of the result. 
Result so far: 56
Subtract 48 from 54 to get 6.
Bring next digit (8) of the dividend behind the 6 and repeat the process: 68 / 8

Step 4:
8 goes into 68 8 times with a remainder of 4.
Write down 8 as next digit of of the result. 
Result so far: 568
Subtract 64 from 68 to get 4.
Bring next digit (1) of the dividend behind the 4 and repeat the process: 41 / 8

Step 5:
8 goes into 41 5 times with a remainder of 1.
Write down 5 as next digit of of the result. 
Result so far: 5685
Subtract 40 from 41 to get 1.

The final result is 5685 with a remainder of 1.