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325is service indicator lights

I recently had an Inspection II service done on my 1989 325is, during which
the service indicator was reset.  Now a week later the oil service light and
the yellow and red service lights came on.  I took it back to the dealer and
they were unable to reset the lights.  At this point they informed me it was
a bad board and it would cost $242 to replace it (labor included in this
price).  The cost of the board from the dealer is approx. $148.

How can I be sure this is the problem?  Can I get a board cheaper?  and
finally, How hard is it to replace this board?  (I am good with electronics
and basic car maint.)

Thanks for any help.

Andrew Kilinski
89 325is 96K