50723 ÷ 5 = 10144 R3
Alright, let's work through the division of 50723 by 5 step by step.

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

Step 2:
5 goes into 0 0 times with a remainder of 0.
Write down 0 as next digit of of the result. 
Result so far: 10
Subtract 0 from 0 to get 0.
Bring next digit (7) of the dividend behind the 0 and repeat the process: 7 / 5

Step 3:
5 goes into 7 1 times with a remainder of 2.
Write down 1 as next digit of of the result. 
Result so far: 101
Subtract 5 from 7 to get 2.
Bring next digit (2) of the dividend behind the 2 and repeat the process: 22 / 5

Step 4:
5 goes into 22 4 times with a remainder of 2.
Write down 4 as next digit of of the result. 
Result so far: 1014
Subtract 20 from 22 to get 2.
Bring next digit (3) of the dividend behind the 2 and repeat the process: 23 / 5

Step 5:
5 goes into 23 4 times with a remainder of 3.
Write down 4 as next digit of of the result. 
Result so far: 10144
Subtract 20 from 23 to get 3.

The final result is 10144 with a remainder of 3.