Don't forget the DF shows you how far the object is from the transducer. If it happens to be right under the boat then it is also the depth, but if it was outside the cone width and came into it as you moved it would show it at the bottom and continue in a straight line until it passed out of the cone again.
For instance if you were sitting dead still in 20 FOW and a fish was swimming toward you at 10 ft. He would enter the screen at about 20 ft and continue at an angle until he swam under the boat which would show him at 10 ft.
You would see a straight line coming from 20 ft to 10 ft. (roughly)
SeaRay
Mark 1:17 ...I will make you fishers of men