Let's divide 127623 by 8
We want to figure out the number of times 127623 can be divided by 8.

On to step 1:
8 can be fit into 1 0 times, resulting in a remainder of 1.
Put 0 as the next digit of the answer. 
Result so far: 0.0
Subtracting 0 from 1 leaves us with 1.
Fetch the next digit (2) from the dividend, attach it to 1 and continue: 12 / 8

Moving on to step 2:
The number 8 fits into 12 1 times, leaving a remainder of 4.
Use 1 as the next digit of our solution. 
Result so far: 1.0
Subtract 8 from 12 to get 4.
Bring next digit (7) of the dividend behind the 4 and repeat the process: 47 / 8

Going ahead to step 3:
When dividing 47 by 8, we get 5 with a remainder of 7.
Write down 5 as next digit of the result. 
Result so far: 15.0
The remainder is 7 after subtracting 40 from 47.
Bring next digit (6) of the dividend behind the 7 and repeat the process: 76 / 8

Step 4:
The number 8 fits into 76 9 times, leaving a remainder of 4.
Use 9 as the next digit of our solution. 
Result so far: 159.0
The remainder is 4 after subtracting 72 from 76.
Fetch the next digit (2) from the dividend, attach it to 4 and continue: 42 / 8

Moving on to step 5:
The number 8 fits into 42 5 times, leaving a remainder of 2.
The next digit of our result is 5. 
Result so far: 1595.0
Subtract 40 from 42 to get 2.
Take the next digit (3) from the dividend and append it to 2, then repeat: 23 / 8

Let's proceed to step 6:
If we divide 23 by 8, we get 2 and a remainder of 7.
The next digit of our result is 2. 
Result so far: 15952.0
The remainder is 7 after subtracting 16 from 23.
Since there are no more digits in the dividend, we add a zero to the remainder making it 70, and continue the process.

Step 7:
The number 8 fits into 70 8 times, leaving a remainder of 6.
Record the quotient 8 as the next digit in the result. 
Result so far: 15952.8
Deduct 64 from 70 and we're left with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

Moving on to step 8:
The number 8 fits into 60 7 times, leaving a remainder of 4.
Write down 7 as next digit of the result. 
Result so far: 15952.87
Subtracting 56 from 60 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.

Advancing to step 9:
The number 8 fits into 40 5 times, leaving a remainder of 0.
Use 5 as the next digit of our solution. 
Result so far: 15952.875
If we take 40 away from 40, 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.

Step 10:
When dividing 0 by 8, we get 0 with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 15952.875
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 11:
If we divide 0 by 8, we get 0 and a remainder of 0.
The next digit of our result is 0. 
Result so far: 15952.875
If we subtract 0 from 0, we 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.

The final outcome is 15952.875, with a leftover of 0.0.