98724 ÷ 5 = 19744 R4
Alright, let's work through the division of 98724 by 5 step by step.

Step 1:
5 goes into 9 1 times with a remainder of 4.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 5 from 9 to get 4.
Bring next digit (8) of the dividend behind the 4 and repeat the process: 48 / 5

Step 2:
5 goes into 48 9 times with a remainder of 3.
Write down 9 as next digit of of the result. 
Result so far: 19
Subtract 45 from 48 to get 3.
Bring next digit (7) of the dividend behind the 3 and repeat the process: 37 / 5

Step 3:
5 goes into 37 7 times with a remainder of 2.
Write down 7 as next digit of of the result. 
Result so far: 197
Subtract 35 from 37 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: 1974
Subtract 20 from 22 to get 2.
Bring next digit (4) of the dividend behind the 2 and repeat the process: 24 / 5

Step 5:
5 goes into 24 4 times with a remainder of 4.
Write down 4 as next digit of of the result. 
Result so far: 19744
Subtract 20 from 24 to get 4.

The final result is 19744 with a remainder of 4.