We're dividing 121882 by 8 
We want to figure out the number of times 121882 can be divided by 8.

Going ahead to step 1:
When dividing 1 by 8, we get 0 with a remainder of 1.
Write down 0 as next digit of the result. 
Result so far: 0.0
The remainder is 1 after subtracting 0 from 1.
Bring next digit (2) of the dividend behind the 1 and repeat the process: 12 / 8

Step 2:
8 can be fit into 12 1 times, resulting in a remainder of 4.
Use 1 as the next digit of our solution. 
Result so far: 1.0
Subtracting 8 from 12 leaves us with 4.
Append the next digit (1) from the dividend to 4 and continue with: 41 / 8

Let's proceed to step 3:
8 can be fit into 41 5 times, resulting in a remainder of 1.
Record the quotient 5 as the next digit in the result. 
Result so far: 15.0
If we take 40 away from 41, we end up with 1.
Grab the next digit (8) from the dividend, add it to 1, then carry on: 18 / 8

Advancing to step 4:
8 can be fit into 18 2 times, resulting in a remainder of 2.
Write down 2 as next digit of the result. 
Result so far: 152.0
Subtract 16 from 18 to get 2.
Grab the next digit (8) from the dividend, add it to 2, then carry on: 28 / 8

Step 5:
8 goes into 28 3 times with a remainder of 4.
The next digit of our result is 3. 
Result so far: 1523.0
Subtracting 24 from 28 leaves us with 4.
Bring next digit (2) of the dividend behind the 4 and repeat the process: 42 / 8

Advancing to step 6:
If we divide 42 by 8, we get 5 and a remainder of 2.
The next digit of our result is 5. 
Result so far: 15235.0
Subtract 40 from 42 to 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.

Moving on to step 7:
20 divided by 8 is 2 with a remainder of 4.
Put 2 as the next digit of the answer. 
Result so far: 15235.2
Subtracting 16 from 20 leaves us 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:
If we divide 40 by 8, we get 5 and a remainder of 0.
The number 5 becomes the next digit in our result. 
Result so far: 15235.25
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.

Moving on to step 9:
8 goes into 0 0 times with a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 15235.25
Subtract 0 from 0 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 10:
8 can be fit into 0 0 times, resulting in a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 15235.25
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.

In conclusion, the division gives 15235.25 with a balance of 0.0.