84601 ÷ 5 = 16920 R1
Alright, let's work through the division of 84601 by 5 step by step.

Step 1:
5 goes into 8 1 times with a remainder of 3.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 5 from 8 to get 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 5

Step 2:
5 goes into 34 6 times with a remainder of 4.
Write down 6 as next digit of of the result. 
Result so far: 16
Subtract 30 from 34 to get 4.
Bring next digit (6) of the dividend behind the 4 and repeat the process: 46 / 5

Step 3:
5 goes into 46 9 times with a remainder of 1.
Write down 9 as next digit of of the result. 
Result so far: 169
Subtract 45 from 46 to get 1.
Bring next digit (0) of the dividend behind the 1 and repeat the process: 10 / 5

Step 4:
5 goes into 10 2 times with a remainder of 0.
Write down 2 as next digit of of the result. 
Result so far: 1692
Subtract 10 from 10 to get 0.
Bring next digit (1) of the dividend behind the 0 and repeat the process: 1 / 5

Step 5:
5 goes into 1 0 times with a remainder of 1.
Write down 0 as next digit of of the result. 
Result so far: 16920
Subtract 0 from 1 to get 1.

The final result is 16920 with a remainder of 1.