as depicted in the picture 和 as is depicted in the picture

两个表达都对，前一个是省略说法。

as + （is）+ 过去分词省略结构：

用于此句式的动词，一般是表示“计划，想象，预料，叙述，描述，提及，说及，显示，指出”之类的动词，多用于议论文体。常见的有：

我举一些常见的表达（在过去分词之后还可以加一些其他成分，如：

as shown at P 2， as shown in this picture）

as planned 正如计划的那样

as scheduled 正如安排的那样

as expected 正如预料的那样

as imagined 正如想象的那样

as arranged 正如计划的那样

as seen from above 正如从上述看的那样

as told before 正如前述

as shown above 正如上面显示的那样

as said 正如说过的（那样）

as mentioned 正如提到的（那样）

as described 正如描述的（那样）

as discussed 正如讨论过的（那样）

as noted 正如叙述到的（那样）

as stated 正如说指出的（那样）

as announced 正如宣布的（那样）

as pointed out 正如已经指出的（那样）

as indicated 如前所示（那样）

as hinted 正如已经暗示的（那样）

as told 正如已经告知的（那样）

as already shown 如已显示（那样）

as emphasized 正如已经强调的（那样）

as observed 正如已观察到的（那样）

as explained 正如已经解释过的（那样）

as suggested 正如已经提出的（那样）