The descriptive copy on UW makes depicts a little more clear for all users. Let's take that copy and bring it over to FP too.
Items depicted in this file above depicts label
Items portrayed in this file above depicts label
This is how this currently appears on Beta. The only current issue is the missing Wikidata logo next to the P number (which might be correct because of the current 'faking' of Wikibase Federation). Otherwise, the page seems to reflect all the updated design requirements (depicts in italics, "portrayed" instead of "depicted", etc.)