We're dividing 386706 by 8 
We're looking to find how many times 8 goes into 386706.

Moving on to step 1:
When dividing 3 by 8, we get 0 with a remainder of 3.
Use 0 as the next digit of our solution. 
Result so far: 0.0
Deduct 0 from 3 and we're left with 3.
Take the next digit (8) from the dividend and append it to 3, then repeat: 38 / 8

Going ahead to step 2:
When dividing 38 by 8, we get 4 with a remainder of 6.
Put 4 as the next digit of the answer. 
Result so far: 4.0
If we subtract 32 from 38, we get 6.
Append the next digit (6) from the dividend to 6 and continue with: 66 / 8

Let's proceed to step 3:
8 can be fit into 66 8 times, resulting in a remainder of 2.
Put 8 as the next digit of the answer. 
Result so far: 48.0
If we take 64 away from 66, we end up with 2.
Fetch the next digit (7) from the dividend, attach it to 2 and continue: 27 / 8

Advancing to step 4:
If we divide 27 by 8, we get 3 and a remainder of 3.
Record the quotient 3 as the next digit in the result. 
Result so far: 483.0
If we take 24 away from 27, we end up with 3.
Fetch the next digit (0) from the dividend, attach it to 3 and continue: 30 / 8

Step 5:
30 divided by 8 is 3 with a remainder of 6.
The next digit of our result is 3. 
Result so far: 4833.0
The remainder is 6 after subtracting 24 from 30.
Fetch the next digit (6) from the dividend, attach it to 6 and continue: 66 / 8

Step 6:
66 divided by 8 is 8 with a remainder of 2.
Record the quotient 8 as the next digit in the result. 
Result so far: 48338.0
If we subtract 64 from 66, we get 2.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

Advancing to step 7:
When dividing 20 by 8, we get 2 with a remainder of 4.
Put 2 as the next digit of the answer. 
Result so far: 48338.2
If we subtract 16 from 20, we 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.

Let's proceed to step 8:
The number 8 fits into 40 5 times, leaving a remainder of 0.
The next digit of our result is 5. 
Result so far: 48338.25
Subtract 40 from 40 to 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.

Let's proceed to step 9:
The number 8 fits into 0 0 times, leaving a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 48338.25
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.

Advancing to step 10:
If we divide 0 by 8, we get 0 and a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 48338.25
If we take 0 away from 0, we end up 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.

In conclusion, the division gives 48338.25 with a balance of 0.0.