98724 ÷ 8 = 12340 R4
Let's divide 98724 by 8.

Step 1:
8 goes into 9 1 times with a remainder of 1.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 8 from 9 to get 1.
Bring next digit (8) of the dividend behind the 1 and repeat the process: 18 / 8

Step 2:
8 goes into 18 2 times with a remainder of 2.
Write down 2 as next digit of of the result. 
Result so far: 12
Subtract 16 from 18 to get 2.
Bring next digit (7) of the dividend behind the 2 and repeat the process: 27 / 8

Step 3:
8 goes into 27 3 times with a remainder of 3.
Write down 3 as next digit of of the result. 
Result so far: 123
Subtract 24 from 27 to get 3.
Bring next digit (2) of the dividend behind the 3 and repeat the process: 32 / 8

Step 4:
8 goes into 32 4 times with a remainder of 0.
Write down 4 as next digit of of the result. 
Result so far: 1234
Subtract 32 from 32 to get 0.
Bring next digit (4) of the dividend behind the 0 and repeat the process: 4 / 8

Step 5:
8 goes into 4 0 times with a remainder of 4.
Write down 0 as next digit of of the result. 
Result so far: 12340
Subtract 0 from 4 to get 4.

The final result is 12340 with a remainder of 4.