Theta Manufacturing Company, a key player in the industrial sector, recently invested in a state-of-the-art production facility to bolster its manufacturing capabilities. The facility, acquired for $2,000,000 on January 1, 20X1, encompasses buildings, machinery, and equipment essential for production operations.

The buildings have a useful life of 40 years, while the machinery and equipment have a useful life of 10 years. Theta Manufacturing Company intends to adopt the composite depreciation method to simplify the accounting treatment for the facility. Compute the composite depreciation expense for the facility for the first year and elucidate how employing the composite depreciation method aligns with Theta Manufacturing Company's strategic objectives.