We're dividing 507043 by 8 
We want to figure out the number of times 507043 can be divided by 8.

Going ahead to step 1:
When dividing 5 by 8, we get 0 with a remainder of 5.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 5 leaves us with 5.
Append the next digit (0) from the dividend to 5 and continue with: 50 / 8

Advancing to step 2:
The number 8 fits into 50 6 times, leaving a remainder of 2.
The number 6 becomes the next digit in our result. 
Result so far: 6.0
If we subtract 48 from 50, we get 2.
Fetch the next digit (7) from the dividend, attach it to 2 and continue: 27 / 8

Moving on to step 3:
If we divide 27 by 8, we get 3 and a remainder of 3.
Put 3 as the next digit of the answer. 
Result so far: 63.0
Deduct 24 from 27 and we're left with 3.
Fetch the next digit (0) from the dividend, attach it to 3 and continue: 30 / 8

Going ahead to step 4:
The number 8 fits into 30 3 times, leaving a remainder of 6.
Use 3 as the next digit of our solution. 
Result so far: 633.0
The remainder is 6 after subtracting 24 from 30.
Include the next digit (4) from the dividend after 6, then repeat: 64 / 8

Step 5:
64 divided by 8 is 8 with a remainder of 0.
Put 8 as the next digit of the answer. 
Result so far: 6338.0
Subtracting 64 from 64 leaves us with 0.
Bring next digit (3) of the dividend behind the 0 and repeat the process: 3 / 8

Moving on to step 6:
When dividing 3 by 8, we get 0 with a remainder of 3.
The next digit of our result is 0. 
Result so far: 63380.0
Subtracting 0 from 3 leaves us with 3.
Since there are no more digits in the dividend, we add a zero to the remainder making it 30, and continue the process.

Going ahead to step 7:
The number 8 fits into 30 3 times, leaving a remainder of 6.
The number 3 becomes the next digit in our result. 
Result so far: 63380.3
Subtracting 24 from 30 leaves us 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.
Put 7 as the next digit of the answer. 
Result so far: 63380.37
The remainder is 4 after subtracting 56 from 60.
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:
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: 63380.375
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.

On to step 10:
The number 8 fits into 0 0 times, leaving a remainder of 0.
Use 0 as the next digit of our solution. 
Result so far: 63380.375
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:
0 divided by 8 is 0 with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 63380.375
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.

The final outcome is 63380.375, with a leftover of 0.0.