98507 ÷ 4 = 24626 R3
Alright, let's work through the division of 98507 by 4 step by step.

Step 1:
4 goes into 9 2 times with a remainder of 1.
Write down 2 as next digit of of the result. 
Result so far: 2
Subtract 8 from 9 to get 1.
Bring next digit (8) of the dividend behind the 1 and repeat the process: 18 / 4

Step 2:
4 goes into 18 4 times with a remainder of 2.
Write down 4 as next digit of of the result. 
Result so far: 24
Subtract 16 from 18 to get 2.
Bring next digit (5) of the dividend behind the 2 and repeat the process: 25 / 4

Step 3:
4 goes into 25 6 times with a remainder of 1.
Write down 6 as next digit of of the result. 
Result so far: 246
Subtract 24 from 25 to get 1.
Bring next digit (0) of the dividend behind the 1 and repeat the process: 10 / 4

Step 4:
4 goes into 10 2 times with a remainder of 2.
Write down 2 as next digit of of the result. 
Result so far: 2462
Subtract 8 from 10 to get 2.
Bring next digit (7) of the dividend behind the 2 and repeat the process: 27 / 4

Step 5:
4 goes into 27 6 times with a remainder of 3.
Write down 6 as next digit of of the result. 
Result so far: 24626
Subtract 24 from 27 to get 3.

The final result is 24626 with a remainder of 3.